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IPO

Chinese IPO freeze widens to dozens more offerings

Shares sales involving four service providers under scrutiny

Shanghai's IPO market has remained active in recent weeks even as Hong Kong and New York have gone quiet.    © AP

HONG KONG -- Chinese regulators have frozen more than 40 other IPOs in addition to that of BYD Semiconductor amid a widening investigation into service providers involved with the share sales.

The probe by the China Securities Regulatory Commission focuses on Beijing Tian Yuan Law Firm, broker China Dragon Securities, CAREA Assets Appraisal and Zhongxingcai Guanghua Certified Public Accountants, according to Shanghai Securities News.

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