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Asian division of Citigroup was fined HK$57 million by the financial regulator of Hong Kong, which accused it of violations in assessing the financial performance of the Chinese company Real Gold Mining before the initial placement of its shares in 2009. According to estimates of the Securities and Futures Commission of Hong Kong, Citigroup Global Markets Asia did not thoroughly assess the assets and sales of the Chinese company before the IPO on the Hong Kong stock exchange. In 2011, two years after the IPO, the stock of Real Gold Mining shares was suspended and has not yet been renewed.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
The United States Labor Department reported on Thursday that jobless claims edged down to a near four-month low since last week, while 32.9 Million Americans collected unemployment benefits in the third week of June. The government agency ...
KYC Policy