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Hong Kong discourages companies from organizing in a way that favors dual-class shareholding over individual shareholdings, or gives one shareholder a disproportionate say over how a company is run.
This week, Alibaba abandoned plans to list in Hong Kong after the exchange declined to change rules that discourage companies from organizing in a way that favors dual-class shareholding over individual shareholdings or gives one shareholder a disproportionate say over how a company is run.
It took over altogether in 1990 on the death of the main shareholder, a local builder.
Sir Philip Green's family is also a minority shareholder, a spokesman for the company confirmed.
To avert a crisis, IKB's largest shareholder, a German government-sponsored bank, agreed to provide the money.
If the purchase is completed, Eurazeo would be Eutelsat's largest shareholder, a Eurazeo spokeswoman, Anne-France Malrieu, said.
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