May 17, 2018 BY Valentina Kirilova

SFC fines Citigroup Global Markets Asia Limited $57 million for sponsor failures

The Hong Kong Securities and Futures Commission (SFC) announced that it has reprimanded and fined Citigroup Global Markets Asia Limited (Citi) $57 million after resolving concerns with Citi over its discharge of duties as a sponsor in relation to the listing application of Real Gold Mining Limited (Real Gold). An SFC investigation revealed that Citi…

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