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Report: China Securities Regulatory Commission Will Postpone Relisting Of 'ChinaHybrids' Going Private

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Report: China Securities Regulatory Commission Will Postpone Relisting Of 'ChinaHybrids' Going Private

Shares of many U.S. listed companies that have entered into non-binding going private offers over the past year are trading lower on Thursday. For example, shares of Momo Inc (ADR) (NASDAQ: MOMO) were trading lower by more than 4 percent, as were shares of YY Inc (ADR) (NASDAQ: YY). Other China-based companies saw smaller losses, such as 21Vianet Group Inc (NASDAQ: VNET) and E Commerce China Dangdang Inc (ADR) (NYSE: DANG).

All of the previously mentioned companies have either received non-binding going-private offers or have reached definitive agreements to go private.

Related Link: Something Shady Is Going On With U.S. Listed Chinese Companies

According to Geo Investing, a news report surfaced in Chinese media that has not been disseminated by western media sources. Geo Investing cited a report from Tencent Finance, which stated that there is a rumor that the China Securities Regulatory Commission will postpone the relisting of the "ChinaHybrids" that have been taken private or plan to go private.

"Specifically the article rumored that a relisting in China through buying a shell company, a restructuring process or IPO might be restrained," Geo Investing noted.

Posted-In: China Companies China Going Private StocksNews Short Sellers Emerging Markets Rumors Markets Trading Ideas Best of Benzinga

 

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