https://www.scmp.com/rss/326146/feed Back-door listings en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com A little-known Chinese company that dominates the African smartphone market is preparing for a backdoor listing that will make it one of the biggest publicly traded mobile phone makers in the world’s second-largest economy. Shenzhen Transsion Holdings Co, which accounts for nearly 30 per cent of the African smartphone market, plans to transfer a controlling stake to Shenzhen-listed Shimge Pump Industry Group Co via an asset and share-swap deal, according to a stock exchange filing on... https://www.scmp.com/tech/social-gadgets/article/2135441/top-smartphone-supplier-africa-plans-backdoor-listing-china?utm_source=rss_feed https://www.scmp.com/tech/social-gadgets/article/2135441/top-smartphone-supplier-africa-plans-backdoor-listing-china?utm_source=rss_feed Fri, 02 Mar 2018 08:25:08 +0000 Qihoo 360 Technology, a Chinese internet security company previously listed in New York, slumped by the daily limit of 10 per cent on its debut in Shanghai on Wednesday after it returned to Chinese stock markets through a back door listing. Its market cap still surpassed US$62 billion – a sevenfold increase on its previous value in the US market. Qihoo 360, China’s largest internet security company, delisted from the New York Stock Exchange in June 2016 and announced a back door listing deal on... https://www.scmp.com/business/companies/article/2135098/chinese-internet-security-firm-coming-home-us-valued-us62bn-drops?utm_source=rss_feed https://www.scmp.com/business/companies/article/2135098/chinese-internet-security-firm-coming-home-us-valued-us62bn-drops?utm_source=rss_feed Wed, 28 Feb 2018 09:04:06 +0000