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The group’s Shenzhen-listed Wanda Film dropped as much as 9.9 per cent on Thursday morning.
It applied for trading suspension starting from the afternoon session.
The reviews will be conducted by a number of banks, including Industrial & Commercial Bank of China, China Construction Bank, Bank of Communications and China Guangfa Bank, according to the emails.
“Last week we had received regulatory orders to check out our bank’s exposure to the overseas debts carried by the above companies,” a banking source said.
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She previously covered political news in Beijing and business developments in Shanghai.
“There was no other information that the company deemed necessary to be brought to the attention of the public.” While there’s no suggestion of wrongdoing, the heightened scrutiny of the companies underscores Beijing’s new attitude towards overseas mergers and acquisitions by private companies.
The number of major overseas asset purchases by mainland companies plunged by 80 per cent in the first quarter, as Beijing tightened controls on capital outflows and ratcheted up scrutiny into deal funding.
The CBRC did not reply to emailed questions by late afternoon on Thursday.
Wanda dismisses ‘rumours’ big banks were ordered to sell off its bonds The company’s 2021 notes fell 220 cents to 94.7 yuan on the Shanghai bourse as of 1.30pm.
Shanghai-listed shares of Shanghai Fosun Pharmaceutical,which trades as Fosun International, tumbled 8 per cent by 2.15pm, reflecting the biggest drop since February, while its Hong Kong-listed arm Fosun International plunged 6.4 per cent.Tags: Adult Dating, affair dating, sex dating