Hillhouse Unit to Buy Back Longi Green Energy Shares Amid Probe

An investment arm of private equity heavyweight Hillhouse said it will buy back the stake in a Chinese listed company it sold without disclosing it, five months after the country’s top securities regulator launched an investigation into the matter.

Singapore-based HHLR Management Pte. Ltd. has been actively cooperating with the China Securities Regulatory Commission (CSRC) after being notified about the probe, and has promised to buy back all shares involved in the case within a month, a Shanghai Stock Exchange filing dated Friday showed. If the buyback generates profits, the gains will be handed over to the listed company, HHLR said in the filing.