Hengda Real Estate Group, China Evergrande Group’s unit in the mainland, said the country’s securities regulator has built a case against it on suspected information disclosure violations.
(Bloomberg) — Hengda Real Estate Group, China Evergrande Group’s unit in the mainland, said the country’s securities regulator has built a case against it on suspected information disclosure violations.
The China Securities Regulatory Commission sent a notification to the struggling real estate developer Wednesday, Hengda said in a Shanghai Stock Exchange filing the same night.
The company will actively cooperate with the CSRC in its investigation and fulfill its disclosure obligations, it added.
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