are being raised as to the adequacy of due diligence carried
out by over-stretched sponsors on Hong Kong initial public
Smith financial services partner, Tim Mak said market
regulators were concerned that IPO sponsors were spreading
themselves too thinly, with deal teams managing many
transactions at the same time.
A lot of the large PRC state-owned enterprises (SOE)
and conglomerates who want to get listed in Hong Kong, have now
done so, he said. This has led to increasing...