CPI Property Group commences internal audit after short-seller report

Cpi Property SA

30/11/2023 19:57

Nov 30 (Reuters) - Luxembourg-based commercial landlord
CPI Property Group  O5G.DE  said on Thursday that it has
commenced an internal audit and engaged a law firm to review the
company's governance procedures, compliance policies, and
allegations raised by short seller Muddy Waters. 
    Short-selling hedge fund Muddy Waters last week disclosed
its bet against the credit of CPI Property Group sending a key
bond of the company to fall by most on record. 

 (Reporting by Akanksha Khushi in Bengaluru)
 ((Akanksha.Khushi@thomsonreuters.com;))