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Agile Property Says Website Report About Company Is Untrue

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Agile Property Holdings Ltd., the Chinese developer that halted its stock trading last week, said a report linking it to former Chinese security chief Zhou Yongkang was groundless and untrue.

The Chinese website article’s claim that Zhou, who is under a corruption probe, is a substantial shareholder of Agile is false, the company said in a statement posted on its website. Allegations that Agile assisted in money laundering and Zhou had a close relationship with Chan Cheuk Yin, one of its directors, are fabricated, the statement said.