Shares of Tencent Music Entertainment, China’s largest online music company, made a slow but steady start Wednesday in trading on the Hong Kong Stock Exchange. At the lunchtime trading break, the s…
At the lunchtime trading break, the shares had climbed to HK$18.22, up from their opening at HK$18.00. They are traded under the number 1698.
The establishment of a secondary listing allows the company to reduce the risk of a delisting by the U.S. authorities or problems from Chinese authorities if they deem the company to be in breach of data security regulations. The Hong Kong listing also makes Tencent Music’s shares more easily accessible to mainland Chinese investors, most of whom cannot trade the U.S. securities markets.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Music Stocks Keep Slipping, This One K-Pop Company Is Bucking the TrendSince Sept. 12, SM Entertainment shares are up 13.9% while the Nasdaq is off 6.9% and the S&P 500 is down 6.2%.
Read more »
Whoopi Goldberg Shares Hope To Do ‘Sister Act 3’ With Jenifer LewisWhoopi Goldberg is sharing her desire to work on the long-awaited Sister Act 3 that was announced back in 2020. The View co-host welcomed Jenifer Lewis to the ABC talk show and reminded her that th…
Read more »
Harry Miller Shares His Story in Moving Speech at Ohio State’s Faces of Resilience BanquetFormer Ohio State offensive lineman Harry Miller received a standing ovation after a speech about his mental health struggles during OSU’s Faces of Resilience banquet.
Read more »
Grant Gustin Shares Image Of Putting On The Flash Costume For Last First TimeAs filming on the final season of TheFlash gets underway, Grant Gustin shares an emotional picture of the last first time he'll put on his Barry Allen costume. 💔
Read more »
'Bachelorette' Star Erich Schwer's Ex Shares Her Thoughts on Gabby RomanceAhead of tonight's Bachelorette finale, Erich Schwer's ex-girlfriend Amanda Kaylor exclusively told Us how she feels about his relationship with Gabby Windey. 👀
Read more »
Matthew McConaughey shares what his parents taught him about consentMatthew McConaughey says his father helped teach him about the concept of consent.
Read more »