WVR (Weighted Voting Rights)

A Hong Kong Stock Exchange-permitted share structure (similar to Dual-Class Shares) where designated "WVR Beneficiaries" hold a class of shares carrying multiple votes per share (commonly 10-to-1) versus the ordinary class sold to public investors, letting them control shareholder votes while owning a much smaller share of the company's actual economic value.

Definition

Weighted Voting Rights – A Hong Kong Stock Exchange-permitted share structure (similar to Dual-Class Shares») where designated "WVR Beneficiaries" hold a class of shares carrying multiple votes per share (commonly 10-to-1) versus the ordinary class sold to public investors, letting them control shareholder votes while owning a much smaller share of the company's actual economic value. Found In: Corporate Information/Cover Page, Notes to Financial Statements (share capital)