三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Luckin delisting unlikely to deter overseas floats

By ZHOU LANXU | China Daily | Updated: 2020-05-21 07:45
Share
Share - WeChat
A Luckin Coffee shop in Hangzhou, capital of Zhejiang province. [Photo by Long Wei/For China Daily]

Luckin Coffee Inc's potential delisting from the Nasdaq is unlikely to be a major hindrance for other Chinese firms that are seeking overseas listings, a leading global investment bank said.

The company, often called Chinese Starbucks, said it had received a notice from Nasdaq that it will delist the company due to massive sales fabrication, according to a statement on Tuesday.

Luckin said it will request a hearing in the matter to ask for continued listing. However, experts said a delisting is inevitable for the company as it has already caused severe losses for investors. But the debacle is also not a blot on the image of other Chinese firms planning overseas listings, they said.

Mandy Zhu, head of Chinese operations for global banking at UBS, said there will be a limited impact from the scandal on Chinese floats in overseas bourses. "The market for Chinese firms seeking floats overseas still exists, though investors are a bit more selective," she said.

Zhu cited the successful debut of Kingsoft Cloud Holdings Ltd on Nasdaq on May 8. The Xiaomi-backed cloud services provider was the first Chinese firm to conduct an IPO in the US markets after the Luckin fiasco. UBS was one of the book runners for the offering.

"Investors subscribed to the offering actively, including sovereign wealth funds," she said. "Global investors still recognize (Chinese) firms with strong fundamentals and solid disclosures. Luckin Coffee is after all a special case."

Shares of Kingsoft Cloud ended Tuesday's trading at $22.61, compared with the issue price of $17.

More Chinese firms are expected to get listed in the US markets in the coming months, said David Chin, head of investment bank in Asia Pacific.

Some US-or Hong Kong-listed Chinese mainland firms, however, are considering privatization and relisting on the mainland stock exchanges, or spinning off part of their businesses and seeking A-share floats, Chin said.

Chen Zunde, general manager of Guangdong Fund Investment Co Ltd and a veteran investor in US-listed shares, said investors are expected to stick with the case-by-case mindset when considering the value of Chinese firms.

Chen said the short-seller attacks against US-listed Chinese firms after the Luckin scandal have not caused any major plunges in stock prices.

China is also stepping up efforts to safeguard investors from securities fraud after Luckin's fake reporting. Yi Huiman, chairman of the China Securities Regulatory Commission, said in a recent article that the securities regulator will crack down on financial fraud and other legal breaches in the capital market.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 精品视频h | 的九一视频入口在线观看 | 久久久国产免费影院 | 国产黄色一级 | 女人被狂躁的视频免费动图 | 亚洲精品国产成人 | 国产xx做受视频国语对白 | 国产一级黄色片子 | 国产大片黄在线播放 | 久久黄色一级片 | 日本xxx护士与黑人 日本xxx免费视频 | 三级国产精品 | 男女做a一级视频免费观看 男女喷水视频 | 黄性色| 色综合久久88色综合天天 | 美女视频一区二区三区在线 | 国产挤奶水在线视频播放 | 久久综合九色综合欧美9v777 | 日韩一区二区三区在线免费观看 | 欧美成人午夜毛片免费影院 | 亚洲精品中文字幕乱码一区二区 | 成人在线日韩 | 日本特级黄色 | 国产精品国产三级国产普通话对白 | 国产黄色片在线免费观看 | 久久精品免费播放 | 五月天丁香花婷婷视频网 | 手机在线观看黄色 | 日本免费黄色大片 | 牛牛影院成人免费网页 | 日韩视频免费一区二区三区 | 尤物视频在线观看网站 | 欧美特黄一区二区三区 | 午夜免费福利视频 | 韩国女主播精品一区二区 | 成年女人免费视频播放77777 | 精品国产一区二区三区久久 | 中文精品99久久国产 | xxx视频在线观看免费 | 成人亚洲欧美日韩在线观看 | 91精品国产人成网站 |