Sunac China: The Tianjin Securities Regulatory Bureau issued a warning letter to Sunac Real Estate and its former chairman for suspected violations of disclosure rules.
Country Garden announcement, the company's wholly-owned subsidiary Country Garden Real Estate Group Limited and the executive director of the company, Mr. Wang Mengde, received formal written notices from the Tianjin Regulatory Bureau of the China Securities Regulatory Commission and the Shenzhen Stock Exchange. Due to Country Garden Real Estate's failure to timely disclose overdue debts and asset seizure information in accordance with the "Measures for the Administration of Corporate Bond Issuance and Trading," "Measures for the Management of Information Disclosure of Corporate Credit Bonds," and the listing rules for corporate bonds of the Shenzhen Stock Exchange from the end of 2021 to the middle of 2025, the Tianjin Regulatory Bureau has taken supervisory measures by issuing a warning letter to Country Garden Real Estate and its then chairman and general manager Mr. Wang, and the Shenzhen Stock Exchange has imposed disciplinary actions on Country Garden Real Estate and Mr. Wang, including issuing a notice of criticism.
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