Summary by Futu AI
China Evergrande Group (in liquidation) issued a statement on June 11, 2024, mentioning that its subsidiary, Evergrande Real Estate Group Co., Ltd., and executive directors Mr. Xu Jiayin and Mr. Qian Cheng received an administrative penalty decision from the China Securities Regulatory Commission. The decision stated that Evergrande Real Estate and the two directors violated relevant provisions of the Securities Law of the People's Republic of China. The China Securities Regulatory Commission has already imposed penalties on Evergrande Real Estate, Xu Jiayin, Qian Cheng, and other designated persons on May 21, 2024. The statement did not provide further details about the investigation or decision of the China Securities Regulatory Commission, but reminded shareholders, investors, and potential investors to act with caution when trading the company's securities.