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Home invest in investing living frugal what to invest in China Plans to Ban Loophole Used by Tech Firms for Foreign IPOs

China Plans to Ban Loophole Used by Tech Firms for Foreign IPOs

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https://www.bloomberg.com/news/articles/2021-12-01/china-plans-to-ban-loophole-used-by-tech-firms-for-foreign-ipos?sref=K5kiE5Jr

So it looks like China is closing the loophole on going public outside using VIEs.

Going public in Hong Kong would still be allowed.

Any current companies using VIE will need to adjust their ownership structure and and be more transparent.

Could a delisting of “sensitive” firms be possible?



Submitted December 01, 2021 at 03:59AM by iggy555 https://ift.tt/3Db8Amd
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