SOHO China slides as Beijing tax authority to probe unit

SOHO China

25/10/2021 03:14

** Shares of Chinese office developer SOHO China Ltd
 0410.HK  fall more than 5% 
    ** The Beijing arm of China's tax regulator said on Friday
it will investigate Beijing Jianhua Real Estate Co, Ltd, a unit
of SOHO China, for suspected tax evasion  urn:newsml:reuters.com:*:nL1N2RI0WH
    ** Shares in the company tumbled last month after Blackstone
Group Inc  BX.N  scrapped what would have been China's largest
real-estate buyout  urn:newsml:reuters.com:*:nL1N2QF04H
    ** The Hang Seng Index  .HSI  slips 0.1% while the
properties & construction sub-index  .HSCIPC  down 1.2%

 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))