BUSINESS Chinese regulator questions Qihoo 360 over $7.5 billion listing

BUSINESS

Chinese regulator questions Qihoo 360 over $7.5 billion listing

Samuel Shen, Alexandra Harney | Reuters

03:05, November 06, 2017

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 Logos of Qihoo 360 are seen at an expo in Beijing, July 21, 2015. Photo: REUTERS/China Daily


 Chinese regulators are questioning anti-virus software maker Qihoo 360 Technology Co Ltd’s disclosures in its planned $7.5 billion backdoor listing.

The Shanghai Stock Exchange sent a letter of enquiry to elevator maker SJEC Corp, Qihoo 360’s listing vehicle, requesting more information about the software maker’s business model, financial details and restructuring history, SJEC said in a statement on Saturday.


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