(Yicai Global) April 14 -- The Beijing branch of China’s securities regulator has ordered Legend Holdings, the parent company of the world’s largest personal computer maker Lenovo Group, to correct faulty financial data and report back.

Legend failed to disclose the equity pledges of some units in a timely manner and reported inaccurate information about non-operating transactions and call loans, the China Securities Regulatory Commission’s Beijing arm said today.

Legend filed its 2020 and 2021 annual earnings reports and the 2017 acquisition of equity in Banque Internationale Luxembourg later on the Shanghai Stock Exchange than on the Hong Kong Exchanges and Clearing, the regulator added.

After an inspection last September, the CSRC’s Beijing branch found that Legend has reported its 2020 and 2021 earnings and the 2017 acquisition of shares in Banque Internationale Luxembourg to the Shanghai stock exchange later than it had to the Hong Kong bourse, it added.

The Beijing-based investment holding company, formed in 1984, must make corrections and submit a written report within 30 days, the regulator said.

Legend’s stock price [HKG: 3396] ended little changed at HKD9.89 (USD1.26) today. Its bonds still trade on the Shanghai market.

The company’s net profit jumped 49 percent last year to CNY5.8 billion (USD910.5 million). Revenue rose 17 percent to CNY489.9 billion (USD76.9 billion).

Editor: Futura Costaglione