Chinese Watchdog Denies Regulatory Probe On Companies Related To Xiaomi

March 29, 2022 2:22 PM | 1 min read |

China's securities watchdog denied rumors of a regulatory probe on companies in Xiaomi Corp's 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.
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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.