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An Alibaba representative declined to comment. In the Hong Kong offering, the company will seek to preserve its existing governance system, where a partnership of top executives has rights including the ability to nominate a majority of board members, a person has said.

Union and MP seek assurances over jobs as Greene King announces mega £2.7bn sale deal

Under new rules for secondary listings introduced by the Hong Kong bourse last year, the company can apply for an exemption to standard restrictions in the city that would bar that kind of setup. Are you looking for a stock? Try one of these.

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