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Benzinga

Politics

Anusuya Lahiri

Chinese Watchdog Denies Regulatory Probe On Companies Related To Xiaomi

Xiaomi China Alibaba China Securities Regulatory Commission Xiaomi Corp

China's securities watchdog denied rumors of a regulatory probe on companies in Xiaomi Corp's (OTC:XIACY) industrial chain or restrictions on their listing plans, Reuters reports.
The China Securities Regulatory Commission looked to continue to inspect initial public offering plans according to relevant rules and regulations.
Also Read: Here's How Alibaba's Buyback Boost Could Win Back Investors In China's Internet Sector
Xiaomi acknowledged filing a lawsuit due to fabricated and baseless rumors online about its industrial chain and investment activities.
Price Action: XIACY shares traded lower by 1.23% at $9.22 on the last check Tuesday.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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