Hong Kong rejects IPO application of Morgan Stanley-backed insurance broker

, , Comments Off on Hong Kong rejects IPO application of Morgan Stanley-backed insurance broker

China Everbright Capital Ltd and China Merchants Securities had been hired as joint sponsors of the IPO, according to the IPO prospectus. Under Hong Kong’s tightened rules, the regulator names IPO sponsors and issuers whose applications are incomplete and …
( read original story …)