Evergrande: Shares suspended with future of China property giant uncertain CHINA Trading in shares of Evergrande have been suspended with the chairman under police watch and the balance sheet under stress
Evergrande: Hong Kong court orders China property developer to liquidate Evergrande A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of the company putting [...]
Evergrande: Chair of Chinese property giant placed under police watch – reports ECONOMY Evergrande's founder is under police surveillance, according to reports, as the firm struggles to meet debt obligations
Chinese property giant Evergrande files for bankruptcy in US amid debt overhaul August 18, 2023 Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world’s biggest debt restructuring exercises, as anxiety grows over China’s worsening property crisis and a weakening economy. Once China’s top-selling developer, Evergrande has become the poster child of the country’s unprecedented debt crisis in the property sector, which accounts for [...]
China: Evergrande shares soar after property developer’s stocks resume trading October 3, 2023 Shares of debt-laden property developer China Evergrande Group soared on Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. Evergrande is the world’s most heavily indebted property developer and is at the centre of [...]
PwC Hong Kong denies claims about China Evergrande audits in anonymous letter April 16, 2024 PwC Hong Kong has denied claims set out in an anonymous letter circulating on Chinese social media about its audit work for property developer China Evergrande Group.
Evergrande: Shares dive again as China property giant says it can’t issue debt September 25, 2023 Shares of China Evergrande plunged as much as 24 per cent on Monday after the embattled developer said it was unable to issue new debt
Evergrande: Poster child of China debt crisis has winding-up hearing adjourned as it seeks new deal October 30, 2023 Evergrande, which has more than $300 billion of liabilities, became the poster child of a debt crisis that has since engulfed China's property sector.
PwC steps down from auditing heavily-indebted property developer Evergrande January 17, 2023 PwC has resigned as Evergrande’s auditor following a series of disagreements with the heavily-indebted property developer over its audit of the firm’s 2021 accounts. In a filing to the Hong Kong stock exchange, Evergrande said its board had decided to replace PwC as the company’s auditor after the two parties failed to reach an agreement [...]
PwC to face Hong Kong probe over Evergrande audit August 15, 2022 Hong Kong’s audit watchdog has launched an investigation into PwC over its audit of embattled Chinese real estate developer Evergrande. The city-state’s Financial Reporting Council (FRC) today said it had opened an investigation into the Big Four accountancy firm’s audit of the heavily-indebted property firm’s 2020 results. The probe comes after PwC signed off [...]