Wednesday, 18 May 2016

HK regulator says Alibaba broke takeover rules due to 'special deal'

HONG KONG (Reuters) - Hong Kong's securities regulator said on Wednesday that Chinese e-commerce giant Alibaba Group Holding Ltd breached takeover rules in the purchase of a healthcare firm in 2014 because it also bought a company owned by the brother of the healthcare firm's vice chairman at "favourable terms".


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