Vipshop Is Considering Secondary Listing In Hong Kong
According to sources, vipshop will consider going back to Hong Kong for a second listing. Vipshop has not shared relevant information for the time being.
Prior to this, vipshop's form 20-F document submitted to the securities and Exchange Commission (SEC) showed that as of March 31 this year, the company's chairman Shen Ya and co-founder Hong Xiaobo held 12.7% and 6.8% shares respectively, consistent with the 2018 annual report. In addition, Tencent and Jingdong two major shareholders increased the company's shares.
Tencent mobility limited, Tencent's subsidiary, held 12852698 ordinary shares of vipshop as of March 31 this year, with a shareholding ratio of 9.6%. Tencent mobility Limited is still the second largest external shareholder of the company. Tencent held 11558130 ordinary shares of vipshop in the same period last year, with a shareholding ratio of 8.7%.
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