Leidi.com Rakuten reported on May 2
Station B issued an announcement today, announcing that the company has applied to the Stock Exchange for the proposed conversion, and on April 29, 2022, the company received confirmation from the Stock Exchange for the proposed conversion application. The effective date (ie the date on which the proposed conversion will take effect) is expected to be October 3, 2022.
After the effective date, Station B will be listed on the Hong Kong Stock Exchange and Nasdaq in the United States.
In April 2022, Zhihu was listed in Hong Kong, becoming the first Chinese Internet company to return to Hong Kong through dual main listing.
There is a big difference between dual primary listing and secondary listing. A company that adopts dual primary listing will have the same listing status in both listing places at the same time. Delisting in one listing place will not affect the listing in the other The listing status of the place of listing.
From the point of view of the listing process, the dual primary listing return process is a complete Hong Kong listing application, while the secondary listing process will be much simplified, and many Hong Kong listing rules are exempted.
If a company is upgraded from a secondary listing to a dual primary listing, it will also have to go through a complex application and approval process, with considerable variables.
However, due to the tension between China and the United States, and more and more Chinese concept stocks have been included in the delisting list, the pursuit of dual main listing has also been included in the agenda of many Chinese concept stocks.
Station B also released a performance forecast today. Station B is expected to generate revenue of 5 billion to 5.1 billion yuan in the first quarter of 2022, compared with the previously estimated revenue of 5.3 billion to 5.5 billion yuan.
———————————————
Lei Di was founded by senior media person Lei Jianping. If you reprint, please indicate the source.Return to Sohu, see more
Editor:
Disclaimer: The opinions of this article only represent the author himself, Sohu is an information publishing platform, and Sohu only provides information storage space services.