The mainland China unit of giant developer China Evergrande Group said the country’s securities regulator has built a case against it relating to suspected information disclosure violations.
Hengda Real Estate Group said late Wednesday that it received a notification earlier the same day from the China Securities Regulatory Commission. The struggling real estate developer unveiled the news in a Shanghai Stock Exchange filing.
Targets have also included state-owned giants. China Shipbuilding Industry Co. and Beijing Capital Development Co. said last month they were subject to CSRC investigation over suspicions they violated information-disclosure rules.
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