Hong Kong Regulator Suspends ChaPanda Shares over Suspected IPO Manipulation · TechNode
6 Articles
6 Articles
According to the investigation, two groups are suspected of having created an artificial demand for shares during the initial public offers and of having channeled part of the funds raised.
Hong Kong regulator suspends ChaPanda shares over suspected IPO manipulation · TechNode
Hong Kong’s Securities and Futures Commission ordered trading in Chinese tea chain ChaPanda’s shares suspended from 9 a.m. on October 13, citing serious concerns that its initial public offering may have been artificially manipulated. The suspension forms part of an investigation into two groups suspected of orchestrating IPO fraud schemes that created a false impression […]
Hong Kong watchdog freezes US$590m of assets over alleged IPO fraud schemes
Hong Kong’s securities watchdog has moved against two syndicates suspected of being involved in three alleged initial public offering fraud schemes involving assets worth HK$4.6 billion (US$590 million), according to a statement released on Tuesday. The Securities and Futures Commission (SFC) also announced on the same day that it had suspended 65 listing applications in the first nine months of this year due to the poor quality of their listing…
Hong Kong's financial regulator ordered the freezing of more than $4.6 billion from Hong Kong.
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