SHANGHAIBEIJING, April 14 Reuters China39;s securities regulator on Thursday ordered Legend Holdings Corp to rectify information disclosure issues.

The China Securities Regulatory Commission CSRC said in a statement that a regular onsite inspection found that the company released its 2020 annual report in Hong Kong earlier than it did in mainland China.

Legend39;s disclosure via the Shanghai Stock Exchange of its acquisition of Banque Internationale a Luxembourg SA also lagged its announcement through the Hong Kong bourse, it said.

The company also failed to disclose that shares of some Legend subsidiaries were used as collateral, while information involving nonoperational lending activities was not accurate.

Reporting by Samuel Shen and Eduardo Baptista; Editing by Edwina Gibbs

Source Reuters