AB Kuai.Dong|Oct 13, 2026 12:29
Cha Ba Dao is really playing big. The Hong Kong Securities and Futures Commission issued a statement saying that the milk tea company Cha Ba Dao is suspected of privately recruiting people to subscribe to a large number of new shares during its IPO two years ago, making the public think the stock was in high demand.
After the company raised funds, it secretly returned part of the money to these actors who subscribed to the new shares under the guise of investing in financial products.
Who knew it could be played like this...
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