Charles Li halts Hong Kong IPO plan for Micro Connect fund under HKEX Chapter 21

Charles Li Xiaojia, former CEO of Hong Kong Exchanges and Clearing (HKEX), has suspended the initial public offering (IPO) plan of his investment company Micro Connect International Finance (MCIF), according to a letter sent to shareholders. "This decision stems from our recent recognition that the extended timeline associated with a proposed public listing has begun to outweigh its anticipated benefits, causing delays to MCIF's deployment schedule and impacting Micro Connect's broader progress," Li said ...