On the Tianhe Chemicals (1619) IPO in 2014. Notably no human at ML is named as responsible for the failings – perhaps that will come later. ML scores a lower fine than fellow sponsor Morgan Stanley at HK$224m for the same deal. UBS scored HK$375m, but that was for a hatrick of listing applications.
Source: SFC | Source date: 14-Mar-2019 17:16