SOHO China: Chief Financial Officer Ni Kwai Yang is suspected of the company's stock insider trading is being investigated by police

On July 7, Capital State learned that SOHO China (00410.HK) issued an announcement saying that it was noted that recent media reports said that the company's chief financial officer Ni Kwai Yang was under investigation by the police's insider trading of the company's stock.

SOHO China clarified that first, the company knew that Ni Kwai Yang was under investigation because of the inside story of the company's stock.Second, the company's directors and other executives do not know that they are suspected of insider transactions and have not been investigated.However, the information provided by the relevant authorities is fully cooperated.Third, due to the above survey, Ni Kuyang could not fulfill the company's duties of the company's chief financial officer before the investigation was completed.The company has temporarily transfer her duties to the company's chief financial officer.

Directors believe that the investigation has no major adverse effects on the operation of the group's business.

As of press time, SOHO China fell 2.08%to HK $ 1.41.

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