Overseas listings have seemingly lost their appeal to many Chinese companies. Some are now taking their publicly traded shares private after realising that it takes more than just a glossy annual report to stay listed.
Some Chinese companies, especially those tarred by allegations of fraud and misconduct, apparently feel that they are stuck in a vicious circle they release the least information possible for fear of spooking investors further, while investors, lacking sufficient knowledge, respond to any negative news by selling their holdings.
The most likely companies to go private include family-run businesses or those with a relatively small number of controlling shareholders. Stock exchanges in...
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