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BYD: Land investigation will not impact business

(Agencies)
Updated: 2010-07-20 13:44
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BYD Co said a government investigation into a possible illegal use of land will have no "material adverse impact" on its business.

Related readings:
BYD: Land investigation will not impact business BYD declines on accusation of illegal land use
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BYD: Land investigation will not impact business Foxconn urges HK judge to throw out suit filed by BYD
BYD: Land investigation will not impact business BYD, SocGen unit set up China auto financing firm

China's Ministry of Land and Resources said on July 15 it would ask local authorities to investigate a possible misuse of the land, the Ministry of Land and Resources said in a statement on July 15.

BYD said it is not in acquisition talks and doesn't know why its share price has recently dropped, according to a statement to the Hong Kong stock exchange today.

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