TENCENT NOT TO HURRY FOR MAINLAND LISTING
AsiaInfo Services, June, 2009
AsiaInfo Services 06-16-2009 Tencent Not to Hurry for Mainland Listing BEIJING, Jun 16, 2009 (SinoCast Daily Business Beat via COMTEX) -- Tencent Holdings Limited (SEHK: 0700) is not in a hurry to float shares on Mainland China's capital market, disclosed Ma Huateng, board chairman of the provider of Internet, mobile, and telecommunications value-added services. After the China Securities Regulatory Commission (CSRC) relaxed the restrictions on Hong Kong-listed red chips to be listed on the Shenzhen Stock Exchange or Shanghai Stock Exchange, HSBC Holdings (SEHK: 0005) and China Mobile Ltd.
(SEHK: 0941; NYSE: CHL) have expressed their intentions to go public in the mainland. Tencent also hopes that mainland customers will become its shareholders. However, it is not...
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