LB Select
2023.09.28 12:27

China Evergrande: Mr. Xu Jiayin has been taken compulsory measures in accordance with the law due to suspected illegal activities.

China Evergrande announced on the Hong Kong Stock Exchange that the company has received notification from relevant authorities that Mr. Xu Jiayin, the company's executive director and chairman of the board, is under investigation for suspected illegal activities and has been subjected to mandatory measures in accordance with the law. Trading of the company's shares on the Stock Exchange of Hong Kong will be suspended from 9:00 am on September 28, 2023. The trading suspension will continue until further notice.