Tencent Music seeks a quicker route to list in Hong Kong, joining exodus of New York-listed Chinese companies to safe haven amid US risks

Source: Tech – South China Morning PostTencent Music Entertainment said it is pursuing a secondary listing in Hong Kong, as the music streaming unit of China’s largest games publisher joins the flurry of New York-listed Chinese companies seeking safe haven from the looming risk of expulsion from US capital markets.The Shenzhen-based company said it would list its American Depositary Receipts (ADRs) in Hong Kong by “introduction” – a process that makes them tradeable without raising new capital – to provide shareholders with “greater…Read More

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