For members of Evergrande wealth detained by the Chinese public security organs, China Evergrande Group said that the incident did not affect the company's operations.
China Evergrande Monday (September 18) issued an announcement on the Hong Kong Stock Exchange that the company noticed that the media reported that Evergrande's wealth managers had been adopted criminal compulsory measures.
Announcement stated that Evergrande Wealth was an indirect wholly -owned subsidiary of Evergrande, and relevant personnel of Evergrande Wealth were taken criminal compulsory measures according to law, which did not affect Evergrande's operations.
The announcement also said that the company also noticed the media reporting the Hengdian Life Insurance business and the corresponding assets and liabilities.Evergrande Life is 50%of Evergrande's participation companies.Evergrande Life Insurance's business and corresponding assets and liabilities have no significant impact on Evergrande's current business operations.Securities holders and potential investors should do it carefully when they buy and sell Evergrande Securities.
Shenzhen Nanshan Public Security announced on Saturday through the official WeChat public account that the public security organs took criminal compulsory measures to the suspected criminals such as Evergrande Financial Wealth Management (Shenzhen) Co., Ltd.China Evergrande Group's stock price plummeted 25%on Monday morning.
