Hong Kong Exchange Probes Multiple Orders for Hot IPO


Source: bnnbloomberg.ca bnnbloomberg.ca

Key Topics in this News Article:

News Snapshot:

(Bloomberg) -- Hong Kong’s stock exchange is probing whether investors violated rules by placing multiple subscriptions to improve their odds of participating in the initial public offering of New Horizon Health Ltd. Hong Kong Exchanges & Clearing Ltd., through share registrar Tricor, has asked brokers involved in the IPO to provide the names and identity card numbers of retail investors alloted stocks, according to people familiar with matter, who asked not be identified discussing private information. HKEX asked brokers to confirm they have “followed proper procedure and have rejected multiple or suspected multiple applications,” according to the email message sent...