Actionable news
0
All posts from Actionable news
Actionable news in QIHU: QIHOO 360 TECHNOLOGY CO. Ltd.,

China Going-Private Targets Extend Selloff on Deal Scrutiny

U.S.-traded Chinese companies that are seeking to move their listings to the mainland tumbled for a third day as speculation mounted that the Chinese regulator will move to prevent the deals from going through.

The American depositary receipts of Momo Inc., the Chinese dating app, fell 16 percent to $12.27, the most since its initial public offering in 2014. YY Inc. extended a 3-day decline to 22 percent, the most on record since its 2012 debut. Qihoo 360 Technology Co., whose $9.3 billion go-private bid is the biggest among Chinese ADRs. plunged 11 percent. The Bloomberg China-U.S. Equity Index fell 3.6 percent.

The declines came after the nation’s securities regulator signaled Friday that the trend of delisting in the U.S. to sell shares in the mainland at...


More