Shein weighs China relocation to ease path for Hong Kong IPO: Bloomberg

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Fast-fashion retailer Shein Group has considered relocating its headquarters back to China in an effort to gain Beijing authorities’ approval for its planned Hong Kong IPO, Bloomberg News reported on Tuesday, citing sources.

Singapore-headquartered Shein has consulted lawyers on setting up a parent company in mainland China, the report said, adding that discussions were only preliminary with no guarantee of Shein finalizing the move.

Reuters could not immediately verify the report. Shein did not immediately respond to Reuters’ request for…



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Shein weighs China relocation to ease path for Hong Kong IPO: Bloomberg



Fast-fashion retailer Shein Group has considered relocating its headquarters back to China in an effort to gain Beijing authorities’ approval for its planned Hong Kong IPO, Bloomberg News reported on Tuesday, citing sources.

Singapore-headquartered Shein has consulted lawyers on setting up a parent company in mainland China, the report said, adding that discussions were only preliminary with no guarantee of Shein finalizing the move.

Reuters could not immediately verify the report. Shein did not immediately respond to Reuters’ request for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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