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.
Reuters