Shares of the solar energy firm rose nearly 5% in morning trade after it said HHLR Management Pte. Ltd was being investigated by the China Securities Regulatory Commission (CSRC) for violating share transfer rules. Singapore-based HHLR Management is part of Chinese investment giant Hillhouse's public investment arm HHLR. HHLR Management was notified by the CSRC of the investigation on suspected rule violations on Wednesday, LONGi said, without giving details. HHLR Management held a 4.98% stake in LONGi at the end of September, compared with 5.85% at the end of 2022, according to filings.

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Persons: Hillhouse, LONGi, Zhang Lei, didn't, Samuel Shen, Varun Organizations: Green Energy Technology, Management, China Securities Regulatory Commission, HHLR Management, Reuters, Pionner Driving, Thomson Locations: SHANGHAI, HONG KONG, Singapore, Nanjing, LONGi, Shanghai, Shenzhen, Summer, Hong Kong