Simultaneous listing would lengthen the process as it would be the first such trial for both exchanges and lots of issues would crop up. The company probably wants to get the sale done sooner rather than later.
More Quotes from Sam Ho:The foreign bidders are obviously looking for a chance to control the company's operations and have a major representation on the board.
Putting the dual-listing plan on hold will help speed up the overseas IPO as the company probably wants to get the sale done sooner rather than later. Simultaneous listing would lengthen the process as it would be the first such trial for both exchanges and lots of issues would crop up.
The company may wish to boost sentiment of the IPO given the lukewarm interest in the automotive industry.
The sale could be the biggest ever out of China and I don't expect there'd be any IPO bigger than that in the future. Getting this underwriting mandate means a lot for the investment banks' reputations and league rankings in China.
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The more she rejected us the more convinced I was that she was another version of the real Molly, her disdain for authority, her scepticism that she had to do what the white man told her because it was good for her... She is Molly.
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