China to ban loophole used by tech firms for foreign IPOs – Bloomberg News
Information about China to ban loophole used by tech firms for foreign IPOs – Bloomberg News
Kevin David Scam or Legit
(Reuters) – China is planning to ban companies from going public on foreign stock markets through variable interest entities, closing a loophole used by the country’s tech industry to raise capital from overseas investors, Bloomberg News reported on Wednesday, citing people familiar with the matter.
(Reporting by Sneha Bhowmik in Bengaluru; Editing by Arun Koyyur)