SHANGHAI :
Hikvision's Shares Drop After CSRC Probes Into Two Execs' Incentive Schemes
Liao Shumin
DATE:  Nov 14 2019
/ SOURCE:  yicai
Hikvision's Shares Drop After CSRC Probes Into Two Execs' Incentive Schemes Hikvision's Shares Drop After CSRC Probes Into Two Execs' Incentive Schemes

(Yicai Global) Nov. 14 -- The share price of China's Hikvision Digital Technology declined today after the major supplier of video surveillance products said that China's main securities regulator is investigating two of Hikvision's directors over suspected information disclosure violations.

Hikvision's [SHE: 002415] share price edged down by 2.8 percent to CNY33.24 (USD4.70) by noon.

The two execs will cooperate with the China Securities Regulatory Commission's investigation, the Hangzhou-based firm said in a filing to the stock exchange yesterday. 

The reason behind the investigation is that some of the company's employee incentive programs were not disclosed, but it should not affect the firm's financial performance, an insider who wished to remain anonymous told Yicai Global today.

Editor: Emmi Laine 

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Keywords:   Hikvision Digital Technology