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Momenta granted regulatory approval to list in Hong Kong amid rumoured crackdown

Source: scmp.com scmp.com
News Snapshot:

It is over four months after the last nod to an applicant with a similar structure, the vetting of which was rumoured to tighten in a bid to prevent asset outflows.Momenta Global Limited, an entity the start-up used to apply for an initial public offering (IPO) in Hong Kong, is incorporated in the Cayman Islands with limited liability, according to the prospectus released today.Momenta got the approval from the China Securities Regulatory Commission (CSRC) last week and passed the hearing of Hong Kong’s stock exchange today. The start-up was reported to have made a confidential application to the city’s bourse…

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