SHANGHAI (Reuters): China's Shanghai Stock Exchange warned investors on Monday against colluding to suppress the price of initial public offerings on its Nasdaq-style market.
Some investors are suspected of conducting what the stock exchange has described as "negotiated offers" in their subscriptions to shares of new listings, it said in a statement posted on its website.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!