Hong Kong’s securities market regulator seeks to claw back all the IPO proceeds from Tianhe for issuing prospectus that contained inflated sales en route its listing in June 2014. Photo: Handout Hong Kong’s securities market regulator seeks to claw back all the IPO proceeds from Tianhe for issuing prospectus that contained inflated sales en route its listing in June 2014. Photo: Handout
Hong Kong’s securities market regulator seeks to claw back all the IPO proceeds from Tianhe for issuing prospectus that contained inflated sales en route its listing in June 2014. Photo: Handout
IPO

Hong Kong’s SFC seeks to claw back US$454 million from Tianhe Chemicals IPO for investors after accounting scandal

  • Tianhe Chemicals overstated its revenue by 6.7 billion yuan (US$981 million) for three years leading to its stock listing in June 2014
  • Market regulator hauls Chinese lubricant additives maker and ex-CEO Wei Xuan to tribunal for issuing prospectus with misleading information

Topic |   IPO
Hong Kong’s securities market regulator seeks to claw back all the IPO proceeds from Tianhe for issuing prospectus that contained inflated sales en route its listing in June 2014. Photo: Handout Hong Kong’s securities market regulator seeks to claw back all the IPO proceeds from Tianhe for issuing prospectus that contained inflated sales en route its listing in June 2014. Photo: Handout
Hong Kong’s securities market regulator seeks to claw back all the IPO proceeds from Tianhe for issuing prospectus that contained inflated sales en route its listing in June 2014. Photo: Handout
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