Wednesday, May 18, 2016

UPDATE 1-HK regulator says Alibaba broke takeover rules with "special deal"

HONG KONG, May 18 (Reuters) - Hong Kong's securities

regulator said 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 on

"favourable terms."

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