- 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.
- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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