Evergrande Onshore Unit Says It’s Being Probed by China Watchdog

(Bloomberg) — The Chinese mainland unit of giant developer China Evergrande Group said the country’s securities regulator has built a case against it relating to suspected information disclosure violations.

Hengda Real Estate Group said late Wednesday that it received a notification earlier the same day from the China Securities Regulatory Commission. The struggling real estate developer unveiled the news in a Shanghai Stock Exchange filing.