(Shanghai / Hong Kong Comprehensive News) A number of Chinese -funded enterprises such as Sinopec, Shanghai Petrochemical, and PetroChina announced their application for delisting from the New York Exchange.The China Securities Supervision and Administration Commission responded to this that these Chinese enterprises chose to delist for their own considerations.
According to the Shanghai Stock Exchange on Friday (August 12), many Chinese enterprises such as Sinopec, Shanghai Petrochemical, PetroChina, China Life, and China Aluminum have issued announcements that it is planned to be based on the 1934 US Securities Trading Law.(Revised) (hereinafter referred to as the Securities Trading Law) and other relevant regulations, apply for voluntarily delisting its US deposit shares (hereinafter referred to as depository shares) from the New York Stock Exchange.
In response, the official website of the China Securities Regulatory Commission responded that listing and delisting are the normal capital market.
China is exempted from listing in Hong Kong for listing as many as HK $ 17 billion
According to the information of relevant companies, these companies have strictly abide by the US capital market rules and regulatory requirements since their listing in the United States, and make delisting choices for their own business considerations.These companies are listed in many places, and the proportion of securities listed in the United States is very small. The current delisting plan does not affect the continued use of the domestic and foreign capital market financing and development.
According to Bloomberg News, China ’s largest tourism retailer China National Exemption Group intends to raise as many as 17 billion yuan (Hong Kong dollars, the same below, about 3 billion yuan), which is expected to become the largest in Hong Kong this year.The first public offering (IPO).
According to the transaction clauses seen by Bloomberg, China, which has been listed in Shanghai, has begun to accept investors' subscriptions of about 102.8 million Hong Kong stocks. The price per share is 143.5 to 165.5 yuan.
At 10:42 am as of Friday (August 12), people familiar with the matter revealed that more than 100 million Hong Kong stocks in China were subscribed.
The listing of China is free will boost the IPO market in Hong Kong's troubles.So far, Hong Kong has only a IPO of more than 1 billion yuan (USD, the same below, the same, about S $ 1.3 billion) this year.The soaring inflation and the rise in interest rates have weakened the prospects of financing, and it is difficult to have large transactions on traditional exchanges.
China ’s exemptions have temporarily issued a 50 billion yuan Hong Kong stock issue in December last year, and have added many companies that choose not to promote transactions under the turbulent market.According to Bloomberg reports in June, China is free of considering restarting the listing plan, seeking as much as 3 billion yuan.
