Investment bank behind 32,000% IPO probed by Hong Kong regulator The Edge Markets

News Snapshot:

Former UBS Group AG banker Calvin Choi in 2018. - A + A (Aug 18): The Hong Kong financial group behind an initial public offering (IPO) that stunned Wall Street by soaring more than 32,000% following its debut has drawn regulatory scrutiny over deals it arranged in the Asian financial hub. The previously unreported probe by Hong Kong’s securities watchdog into AMTD Group Co, which is run by former UBS Group AG banker Calvin Choi, predates the US listing of its unit AMTD Digital Inc. Despite reporting just US$25 million (RM111.85 million) of revenue in the year ending in April...