The company said in a Sunday statement on the Chinese social media site Weibo that Liu was falsely accused of sexual misconduct while in the US on a business trip.
The company plans to raise around billion on its debut, including .5 billion from the Hong Kong market, said HKET. With a valuation set to 0 billion, Ant Group is expected to become the world's largest IPO.
The company's share price gained 0.24 percent to 12.69 yuan Friday.
The company, also known as COMAC, expects to conduct more test flights of the C919 by the end of the year, according to Wu Yue, an assistant to the general manager of COMAC. By 2020, it plans to put six C919 aircraft on the market.
The company launched a new A8L model on Chinese market the same day.
The company's total revenues were 7.82 billion yuan (.1 billion) last year, representing an increase of 58 percent from the previous year.
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The company, operating in 106 countries including 46 African ones, has been in Africa for over 50 years.
The company promised to inspect and replace, if necessary, all defective parts free of charge.
The company plans to invest billion in artificial intelligence between 2020 and 2022, with China a main target market in which the company sees huge demand on the back of the nation's emphasis on artificial intelligence growth, especially in big cities like Beijing, Shenzhen, Guangdong province, and Hangzhou, Zhejiang province.
The company will replace defective brake calipers free of charge.