Jiangnan Group may follow Dalian Wanda, Peak Sports and TCL by delisting from the Hong Kong stock exchange. All of these companies hope to relist on Chinese exchanges, although none have yet done so.
Jiangnan’s defection from Hong Kong, where it is the only listed mainland cable and wire manufacturer, highlights the bourse’s losing companies from both China and around the region.
The group’s parent company, Power Heritage Group, floated the idea of taking Jiangnan private via a scheme of arrangement after the market’s close on Monday, October 17. It did not disclose any offer price, nor offer a time frame.
This lack...
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