GSX Techedu, a US-listed Chinese education company, is facing an investigation by the US securities regulator following allegations from short-sellers that it faked sales.
The Beijing-based company, which listed on the New York Stock Exchange last summer, was asked by the Securities and Exchange Commission’s enforcement unit to share “certain financial and operating records” from 2017, the education group revealed in a filing on Wednesday.
The company, which runs online courses for students starting from kindergarten through the 12th grade, said it was co-operating with the SEC.
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