Hakim plans further listings

Hakim Unique Group, Chinese billionaire Wang Qicheng's privately owned conglomerate, plans to list shares in other holding companies within the next three years, Wang said recently.

"We plan to make a big move into the capital market, and it could be a major assets restructuring through our existing listed company, back-door listing, or even initial public offering," he said on sideline of a forum on entrepreneurship in Beijing.

"After the mainland slowed its approval rate for IPOs, we are also considering selling assets to other companies or seeking IPO possibilities in the US and Hong Kong."