By Dave Sebastian 
 

Tencent Music Entertainment Group is the latest New York-listed Chinese company to pursue a listing in Hong Kong amid the threat of a potential U.S. delisting.

The audio-entertainment platform is pursuing a listing by way of introduction, which is a way of joining public markets in Hong Kong without having to sell new stock or dilute existing investors.

Such a listing gives shareholders "greater liquidity and protection amid an evolving regulatory environment," Executive Chairman Cussion Pang said in a statement Monday.

The electric vehicle-maker, NIO Inc., just concluded its own Hong Kong listing by introduction.

Companies are looking more actively at the listing option now, bankers and lawyers say, amid choppy markets and the looming threat of U.S. delistings.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

March 22, 2022 03:47 ET (07:47 GMT)

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