Anglo/Dutch consumer good giant Unilever is likely to become the first foreign company to be listed on China’s domestic stock market, according to industry sources quoted in China Daily.
The newspaper revealed that 11 other firms have also applied to the China Securities Regulatory Commission (CSRC) to go ahead with floatation in China.
Unilever has so far denied submitting an application. A company spokeswoman told the paper: “We are still studying the listing rules [issued earlier this month] and have no concrete timetable.”
A CSRC spokeswoman reportedly declined to comment on any applications.