Alibaba seeks to nix investors’ complaint about suspended IPO of Ant Group
Investors claim that Alibaba failed to disclose regulatory risks that led to a suspension of the planned IPO of Ant Group Co. Ltd.
Investors claim that Alibaba failed to disclose regulatory risks that led to a suspension of the planned IPO of Ant Group Co. Ltd.
Christopher Hui had to answer questions about the suspended IPO of Ant Group and the refund of subscription money.
Investors accuse Alibaba of failing to disclose that Ant Group did not meet listing qualifications.
Ant Group will refund the application monies for the Hong Kong Public Offering without interest in two batches.
Ant Group will make available 1,670,706,000 offer shares under the H Share IPO.