Tsinghua Unigroup plans to list in Hong Kong for the second time, intending to raise about US$1 billion

Tsinghua Unigroup, a Chinese cloud computing and IT infrastructure company, is preparing for a secondary listing in Hong Kong as early as this year, with an expected fundraising of about $1 billion (RMB 7.3 billion), according to people familiar with the matter. Currently listed on the Shenzhen Stock Exchange, Tsinghua Unigroup's shares have risen 45% over the past year, giving it a market value of RMB 70.8 billion (US$9.7 billion). Tsinghua Unigroup's deliberations are still ongoing as some companies have been exempted from Hong Kong listing rules that require mainland-traded entities to issue at least 15% of their shares.