LONDON: Proposed changes to Britain’s listing regime are likely to attract a series of state-backed companies to London’s stock markets as governments in oil-rich states prepare for a wave of asset sales.
However, some investors and corporate governance groups say Britain’s move to make its capital markets attractive to state-controlled firms by loosening some of the rules may lower the quality of companies on its stock exchange and leave shareholders with less protection when things go wrong.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!