11-04-2020, 05:55 AM
Ant Group’s world record-setting initial public offering in Shanghai and Hong Kong has been suspended.
The Shanghai and Hong Kong stock exchanges made the announcement Tuesday.
Ant Group’s controller Jack Ma, executive chairman Eric Jing and CEO Simon Hu were summoned and interviewed by regulators in China.
The Shanghai Stock Exchange said Ant Group reported “significant issues,” which means it may not meet the conditions for listing or “information disclosure requirements.”
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The Shanghai and Hong Kong stock exchanges made the announcement Tuesday.
Ant Group’s controller Jack Ma, executive chairman Eric Jing and CEO Simon Hu were summoned and interviewed by regulators in China.
The Shanghai Stock Exchange said Ant Group reported “significant issues,” which means it may not meet the conditions for listing or “information disclosure requirements.”
- More -