Hong Kong watchdog orders suspension of third stock in a month
Hong Kong’s securities watchdog has directed the stock exchange to suspend trading of three listed companies in the last month, signalling a hawkish turn regarding the quality of listed firms.
Chinese bubble-tea maker Sichuan Baicha Baidao Industrial, also known as Chabaidao, was suspended by the Securities and Futures Commission (SFC) at 9am on Tuesday, before the market opened, under Rule 8(1) of the Securities and Futures (Stock Market Listing) Rules.
No further details were disclosed.
It...
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