HK bourse asks Evergrande to rule out risks to management integrity after overhaul

:The Stock Exchange of Hong Kong has asked debt-laden China Evergrande Group to mitigate any risk to management integrity as part of the steps towards a resumption in stock trading, the company said on Thursday.

The guidance comes weeks after the property developer's chief executive and finance head stepped down following a probe that found they were involved in siphoning loans secured by the property services unit to the company. The property services unit, Evergrande Property Services, was also issued a similar guidance by the bourse.

The company has also been asked to conduct a review to show it has the required internal mechanisms to ensure it will meet listing compliance regulation.

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China Evergrande asked to demonstrate management integrity by HK bourseProperty developer China Evergrande Group said on Thursday the Hong Kong stock exchange has asked the company to show it has no concerns about the integrity of its management, as part of the measures to ensure its stock resumes trading. 賊喊捉賊！ The news from China has been absolutely brutal- my cold heart’s almost feeling sorry
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »