China has fined Evergrande's subsidiary Hengda Real Estate 4.18 billion yuan for fraudulent bond issuance and illegal information disclosure. Evergrande founder Hui Ka Yan was personally fined 47 million yuan and banned from the securities market for life by the China Securities Regulatory Commission.
By Jiahui Huang A Chinese regulator has fined a unit of China Evergrande Group almost $580 million for alleged financial misconduct, dealing the former property giant another blow as it.
China fines Evergrande's Hengda $577 million for fraudulent bond issuance cnbc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnbc.com Daily Mail and Mail on Sunday newspapers.
Country Garden: China Property Giant Suspends Shares In Hong Kong brudirect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brudirect.com Daily Mail and Mail on Sunday newspapers.