According to the news on May 6, after landing on the Hong Kong stock exchange for listing and trading in the form of introduction on March 10, this morning, Weilai announced that it plans to conduct a secondary listing on the Singapore Stock Exchange** Weilai pointed out in the disclosed insider information announcement that its class a common shares will be listed on the main board of the Singapore Stock Exchange by way of introduction. The American Depositary Shares of Weilai will continue to be listed and traded mainly on the New York Stock Exchange, and each American depositary share represents one share.
Wei Lai said that the company had received the conditional listing qualification letter issued by the Singapore Stock Exchange on May 5, 2022 on the listing and quotation of shares on the main board of the Singapore Stock Exchange.
In addition, Wei Lai said that the introduction document on the secondary listing of relevant shares on the main board of the Singapore Stock Exchange in the form of introduction listing is expected to be released before listing (later this month) After listing on the main board of the Singapore Stock Exchange, the relevant shares will be fully interchangeable with American depositary shares listed on the New York Stock Exchange
Recently, the official website of the securities and Exchange Commission (SEC) showed that on May 4 local time, the agency added 88 Chinese concept shares, including Weilai, Xiaopeng automobile, Jingdong, BiliBili and pinduoduo, to the "pre delisting" list, raising the number of Chinese concept shares on the list to 105.
Weilai automobile recently responded that "Weilai has been actively exploring possible solutions to protect the interests of stakeholders. The company will continue to comply with applicable laws and regulations and strive to maintain its listing status on the Hong Kong Stock Exchange / New York Stock Exchange."
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