China’s LONGi jumps on probe into Hillhouse unit’s stake transfer

News Snapshot:

SHANGHAI/HONG KONG Nov 9 (Reuters) - Shares of LONGi Green Energy Technology (601012.SS) jumped on Thursday, after the company said an investment arm of Hillhouse was placed under regulatory probe for transferring shares of the company in violation of rules. Shares of the solar energy firm rose nearly 5% in morning trade after it said HHLR Management Pte. Ltd was being investigated by the China Securities Regulatory Commission (CSRC) for violating share transfer rules. Singapore-based HHLR Management is part of Chinese investment giant Hillhouse's public investment arm HHLR. The CSRC recently published rules that raised the bar for major shareholders...