SHANGHAI, Aug 23 (Reuters) – Chinese bourses have halted processing more than 40 initial public offering (IPO) plans in Shanghai and Shenzhen amid an investigation into four intermediaries in the deals including a law firm and a broker, according to exchange disclosures.
The companies attribute the IPOs’ halt to an investigation by the China Securities Regulatory Commission (CSRC) into intermediaries including Beijing-based Tian Yuan Law Firm, China Dragon Securities Co and CAREA Assets Appraisal Co.
Read more at https://www.reuters.com/world/china/china-halts-over-40-ipos-amid-regulatory-probe-2021-08-23/
