By Juliet Shwe Gaung
According to local media reports, the buyer is a subsidiary of private equity firm PAG.
The steps are the latest by the regulator to tighten its grip on the vetting process to ensure the quality of listed companies.
While lawyers and analysts do not think the Anbang seizure heralds an impending wave of nationalizations, they say it sets a fresh, and for some, worrying precedent.
Gobee’s green bikes have virtually disappeared from the streets in the past few days and its mobile phone app was inactive.
Geely has been building up a stake of just under 10 percent through purchases of Daimler’s shares in the stock market in recent weeks.
Momo was valuing Tantan at $735 million in total.
Tencent subsidiary is buying a 6% in Better Life for $140 million.
ZCool has been the exclusive distributor of Shutterstock’s creative content in China since 2014.
MicroPort will contribute 75% of the equity, while Yunfeng Capital will provide the remaining 25%.
The plans are part of the exchange’s efforts to woo blockbuster Chinese companies to its market.