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