6h
Some Chinese Companies Find Workaround to Avoid U.S. Delisting
The Wall Street Journal
By Jing YangHONG KONGSeveral Chinese companies that face the prospect of being booted off Americanstock exchanges have come up with a way to keep their U.S. listings, while Beijing seeks to resolve a long-running audit standoff with Washington.
The China franchise of Canadian coffee chain Tim Hortonswhich is preparing to go public via a merger with a U.S.-listed blank-check firmand biotechnology company BeiGene Ltd. are among those preparing to comply with a new law and give U.S. regulators access to their audit records. The companies are tapping U.S.-based accounting firms as their principal auditors, according to people familiar with the matter and public filings.
Continue read on wsj.com