Shimao appoints two firms to conduct independent probes amid restructuring push

Shimao appoints two firms to conduct independent probes amid restructuring push

FILE PHOTO: People walk past the logo of property developer Shimao Group near Shimao Tower in Shanghai, China January 13, 2022. REUTERS/Aly Song/File Photo

Shimao Group said on Monday it appointed two firms to conduct independent investigations into issues raised by its previous auditor and its internal control systems, as the developer looks to meet regulatory conditions to resume trading.