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Regulator Wields First IPO Veto on China’s New Tech Board - The Wall Street Journal

Regulator Wields First IPO Veto on China’s New Tech Board - The Wall Street Journal

SHANGHAI—China’s market regulator vetoed a proposed share listing, faulting the accounting in an application that had already been approved by the country’s biggest stock exchange.

The China Securities Regulatory Commission said late on Friday that it had rejected Eversec Technology Co.’s planned initial public offering on the Science and Technology Innovation Board.

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2019-09-02 10:07:00Z
https://www.wsj.com/articles/regulator-wields-first-ipo-veto-on-chinas-new-tech-board-11567418856

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