The Journal, citing unidentified sources, said buying back the shares was one option being considered by
“The company affirms that the above information is not true,”
The three-sentence statement gave no information about the security review, when normal operation might resume or possible options being considered in response to investors' complaints.
It is one of a series of Chinese companies hit by stepped-up enforcement of anti-monopoly, data security and other regulations.
Share prices of games and social media operator
China’s cyberspace regulator said it found “serious violations” in how
Chinese authorities said this month they will step up supervision of companies with shares traded on foreign stock exchanges. It said that will include oversight of cross-border data flows and management of confidential information.
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