Nearly gone but definitely not forgotten.
Alibaba might have decided in March to abandon plans for a Hong Kong initial public offering of shares in favour of a US listing but the debate rumbles on should the Hong Kong Stock Exchange allow dual-class listing structures
The Asian Corporate Governance Association ACGA thinks it knows the answer and on Tuesday announced the results of a survey it conducted on the subject.
In short, 98% of respondents indicated that they were against companies listed in Hong Kong having dual classes of shares that gave controlling shareholders more votes than other investors the structure Alibaba pushed for...
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