The bank said it intends to appeal the decision. In January 2017, the SFC filed a lawsuit against Standard Chartered, UBS, KPMG and others for their roles in the 2009 IPO of timber company China Forestry Holding. In October 2017, Reuters reported that the securities regulator had dropped the case.
Delivered by KPMG Today (@KPMG_TO)
Article continues here
Follow @KPMG_TO on Twitter to get latest updates
