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China halts several IPO plans as it investigates underwriter, law firm

Exchange disclosures showed 12 plans in Shanghai's tech-heavy STAR Market and 48 in Shenzhen's start-up market ChiNext were suspended

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Reuters Shanghai
Chinese bourses have halted processing at least 60 initial public offering (IPO) applications as regulators investigate intermediaries in the deals, including Deutsche Bank's Chinese securities venture.

Exchange disclosures on Wednesday showed 12 IPO plans in Shanghai's tech-heavy STAR Market and 48 in Shenzhen's start-up market ChiNext were suspended. Each had hired one or more of three companies being investigated by securities regulators - Zhong De Securities Co, accountancy firm SineWing and law firm King&Wood Mallesons - the exchange filings said. Zhong De is a joint venture between Shanxi Securities and Deutsche Bank AG.

All three companies served Leshi Internet Information

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 28 2022 | 9:01 AM IST

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