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

Hong Kong’s financial market regulator is taking legal action against China’s largest lubricant additives producer to recover HK$3.52 billion (US$454 million) of proceeds from its 2014 initial public offering (IPO) following an accounting scandal. The Securities and Futures Commission said it has started proceedings in the Market Misconduct Tribunal against […]