The chief financial officer (CFO) of a Hong Kong-listed Chinese company, Babytree, has allegedly exposed his company’s fraudulent IPO (initial public offering), and his alleged co-conspirator is an NYSE-listed Hong Kong financial institution. The firm has helped list dozens of Chinese companies in Hong Kong and U.S. stock exchanges. On April 11, Babytree Group’s CFO…
Claims Surface That Chinese Conglomerate Fosun’s Executives Potentially Committed IPO Fraud
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