Caixin
Jul 07, 2022 08:38 PM
BUSINESS

Developer Soho China’s Finance Chief Falls Under Insider Trading Probe

The probe into Soho China’s chief financial officer adds to the company’s woes, as the firm struggles to raise funds amid an industrywide liquidity crisis. Photo: VCG
The probe into Soho China’s chief financial officer adds to the company’s woes, as the firm struggles to raise funds amid an industrywide liquidity crisis. Photo: VCG

Police are investigating the chief financial officer of Soho China Ltd. on suspicion of insider trading of the real estate giant’s shares, an exchange filing has revealed.

The probe into Ni Kuiyang adds to the company’s woes, as its core business slumped and it struggles to raise funds amid an industrywide liquidity crisis.

In a Thursday filing to the Hong Kong bourse, the company said that no other senior executives were “directly involved” in the investigation, but that some were assisting authorities.

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