By Benjamin Robertson
The Securities Commission is seeking a range of penalties, including monetary fines, and will announce more results of its investigation in the next six months.
Qu Toutiao has no connection to the more popular Jinri Toutiao run by Beijing ByteDance Technology Co.
The fund will mainly invest in the consumer industry and focus on market opportunities in the consumption upgrade and new retail field.
After only eight months as chairman, Sun Hongbin, also chairman of Leshi’s second largest shareholder Sunac China Holdings Ltd, has decided to leave.
The ad hoc group of creditors that signed a binding restructuring support agreement represents 46 percent of the senior debt.
About 100 million adults in Pakistan don’t have access to financial services.
The sale is the latest attempt by HNA to restructure its far-flung operations and raise cash by selling equity and prime real estate assets.
CIC’s exit from Blackstone comes amid growing trade tensions between Beijing and Washington since President Donald Trump took office just over a year ago.
Johnny Yu, nicknamed “King of Warrants”, has been appointed desk head of UBS Group’s wealth management unit in Hong Kong.
Shangri-La Beer plans to use proceeds from the funding round to roll out over 100 brewpubs across China and export its beers internationally.