SouFun seeks back­door main­land list­ing

China Daily (Canada) - - BUSINESS -

SouFunHold­ings Ltd plans to switch its stock list­ing from theUnited States to China, join­ing com­pa­nies in­clud­ing DalianWanda Com­mer­cial Prop­er­ties Co that are seek­ing higher val­u­a­tions on Chi­nese main­land stock ex­changes. SouFun, China’s big­gest real es­tate web por­tal, is seek­ing to move its shares to the Shang­hai Stock Ex­change via a back­door list­ing by ac­quir­ing a ma­jor­ity stake in stor­age-bat­tery man­u­fac­turer ChongqingWan­liNewEn­ergy Co. Wanli will raise 3 bil­lion yuan ($462 mil­lion) through pri­vate place­ments to pur­chase SouFun as­sets, Wanli said in a stock fil­ing on Tues­day.

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