China International Capital Corp and Huatai International have pulled out of a planned share placement with Hong Kong-listed AI chipmaker Black Sesame International Holding, following last week’s regulatory raids on Infini Capital Management, according to a report by Bloomberg.
Hong Kong authorities are investigating alleged insider trading and bribery, with reports suggesting Infini – the sole buyer in the HKD633.3m ($80.8m) placement – profited by roughly HKD315m via short positions and equity...
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