DEALSTREET ASIA - May 8 - China's securities regulator is analysing the impact of overseas-listed Chinese companies coming home to relist on mainland exchanges, potentially bad news for tech firms trying to come home and cash in on high valuations. The valuation gap between the domestic and overseas market and speculation on shell companies should be paid attention to, said Zhang Xiaojun, a spokesman for the China Securities Regulatory Commission (CSRC). The regulator made the comments following rumours that it would block domestic listings by companies currently listed overseas. "For companies already in the process of relisting at home, the faster they get done the better because regulatory uncertainties are rising," said a banker, who declined to be identified. Dating app Momo is one of the companies that wants to relist in China.
by Samuel Shen & Paul Carsten
See full article at DealStreet Asia
This post also appears on InternetDatingInvestments.