Hong Kong’s Securities and Futures Commission (SFC) announced that it has taken action against two groups suspected of participating in a fraudulent scheme intended to create a false or misleading appearance of demand for shares in an initial public offering. The SFC is seriously concerned that the IPO of Chabaidao may have been artificially manipulated, and has instructed the Hong Kong Stock Exchange to suspend trading in Chabaidao shares from 9:00 a.m. today to protect the interests of the investing public and maintain a fair and orderly market.

#港股 #茶百道 #SFC