China's Weibo cleared for Hong Kong secondary listing -filings -Breaking

HONG KONG (Reuters) — The Hong Kong Stock Exchange's Listing Committee has granted Weibo Corporation permission to trade shares within the city. This, according to regulatory filings. It is now a secondary New York Stock Exchange listing. Weibo doesn't specify the price of China's most popular microblogging site, or the timeframe for its sale. They were included in a Post-Committee Hearing Information Pack published by the Hong Kong Stock Exchange. This indicated that Weibo had received approval to continue with the listing. Sources have previously told Reuters the deal would be worth about $700 million https://www.reuters.com/article/us-weibo-listing-hongkong-idUKKBN2AN0QT. According to two sources…