Don't treat this as gossip; it's a trust test for the underwriting chain.

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UOB Kay Hian Indonesia Unit Suspended Over IPO Due Diligence Failures
Regulatory Action and Suspension

Indonesia's financial watchdog, the OJK (Otoritas Jasa Keuangan), has fined and suspended PT Kay Hian Sekuritas (formerly PT UOB Kay Hian Sekuritas), the Indonesia unit of UOB Kay Hian, from underwriting new listings after discovering due diligence breaches and
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