LVGEM (China) Updates on Los Angeles Hotel Property Disposal Following Compliance Review

Reuters

05/13

LVGEM (China) Updates on Los Angeles Hotel Property Disposal Following Compliance Review

LVGEM (China) Real Estate Investment Company Limited announced an update regarding its transaction involving the disposal of a hotel property in Los Angeles, United States. Initially announced on 31 March 2025, the company clarified the reasons for a delay in issuing the announcement, which stemmed from a misunderstanding by the U.S. sales team regarding the timing of disclosure requirements. The misunderstanding led to a delay in communication and announcement issuance, which was resolved on 29 March 2025. To prevent future occurrences, LVGEM has outlined remedial measures, including ongoing training for its staff and management on legal and regulatory compliance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LVGEM (China) Real Estate Investment Company Limited published the original content used to generate this news brief on May 13, 2025, and is solely responsible for the information contained therein.

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