HanKore shares tumble on news of China Everbright probe

Singapore

REPORTS of a corruption probe into the China Everbright group sent shares of HanKore Environment Tech Group tumbling yesterday, casting a shadow over a reverse takeover between the two companies.

HanKore shares fell 18.5 per cent, or two cents, to a year-low of 8.8 cents following reports in Chinese media that the Chinese Communist Party's Central Commission for Discipline Inspection was investigating the China Everbright group, China Resources, the Bank of China, China International Trust and Investment Corp and the China Merchants group on possible corruption charges.