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(Reuters) - China Evergrande Group said on Friday that its chief executive officer and finance head have stepped down after initial findings of a probe into Evergrande Property Services found loans secured by the unit were redirected back to the group.
The CEO and CFO of the embattled property developer both resigned.
Probe alleges that loans secured by the property unit were redirected back to the group.
Shares of China Evergrande Group jumped on Thursday after the chairman of the world's most indebted property developer said it would resume construction, and ruled out fire sales. ... | February 9, 2022
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