Hong Kong regulator widens crackdown on IPO manipulation
Hong Kong’s Securities and Futures Commission has intensified its crackdown on suspected initial public offering manipulation, restricting billions of dollars in assets and warning investment banks against undisclosed arrangements that could artificially inflate demand for new listings. The regulator on Tuesday imposed restrictions covering approximately HK$4.7 billion ($599 million) in assets…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
