Ten­cent: No plan to list Wechat in Sin­ga­pore

China Daily (Hong Kong) - - BUSINESSDIGEST -

Ten­cent Hold­ings Ltd de­nied on Tues­day it was plan­ning a spin-off of WeChat through a sep­a­rate list­ing on the Sin­ga­pore stock ex­change, in re­sponse to me­dia re­ports say­ing that the Chi­nese In­ter­net gi­ant had set up an of­fice in Sin­ga­pore to deal with WeChat’s list­ing in the city. A spokesman from the Sin­ga­pore ex­change de­clined to comment on the re­port, only say­ing that the ex­change, as an Asian gate­way, is an ideal IPO plat­form for re­gional and in­ter­na­tional firms.

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