Rumor: HKSE Rejects Alibaba IPO Rule Exception

Netease Tech, 9/04/13

According to an industry insider, the Securities and Futures Commission (SFC) of Hong Kong has convened a board meeting to address the potential IPO of Chinese e-commerce conglomerate Alibaba Group on the Hong Kong Stock Exchange (HKSE). The SFC has rejected all proposals that would provide Alibaba with an exception to HKSE regulations, including a proposed partner-led board structure that would allow Alibaba leadership to nominate up to five board members on a nine person Alibaba Group board.

Editor's Note: For more information on this topic, please see "Rumor: Alibaba Proposes Partner-Led Board IPO Plan to HKSE," MD 8/23/13 and "Rumor: Alibaba Rethinks Hong Kong IPO," MD 8/16/13 issues.

Keywords: e-commerce Internet IPO Hong Kong Stock Exchange Alibaba Group bourse

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily