China’s stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairman
By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Troubled property developer China Evergrande Holding says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other allegations. The company said in a release to mainland Chinese stock exchanges that its chairman, Hui Ka Yan, was fined 47
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