China Evergrande
The Latest
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PwC Faces Intense Scrutiny Over Evergrande Audit Amid $78 Billion Fraud Allegations
PricewaterhouseCoopers (PwC) is under scrutiny by Chinese authorities for its role in auditing China Evergrande Group amid allegations of a staggering $78 billion fraud involving the real estate giant, according to Bloomberg News. 
PricewaterhouseCoopers (PwC) is under scrutiny by Chinese authorities for its role in auditing China Evergrande Group amid allegations of a staggering $78 billion fraud involving the real estate giant, according to Bloomberg News. -
China Evergrande's Flagship Unit Accused of Inflating Revenue by $78 Billion, Founder Hui Ka Yan Banned for Life
China Evergrande Group founder Hui Ka Yan has been barred from the securities market for life and fined 47 million yuan ($6.53 million) after the China Securities Regulatory Commission (CSRC) accused the group's flagship unit, Hengda Real Estate, of inflating results, engaging in securities fraud, and failing to make timely disclosures. 
China Evergrande Group founder Hui Ka Yan has been barred from the securities market for life and fined 47 million yuan ($6.53 million) after the China Securities Regulatory Commission (CSRC) accused the group's flagship unit, Hengda Real Estate, of inflating results, engaging in securities fraud, and failing to make timely disclosures. -
Asset Liquidation Continues as Evergrande Chairman's Mansion Hits the Market
The unfolding saga of China Evergrande Group's financial collapse has taken another turn with the sale of a second mansion in Hong Kong linked to the company's chairman, Hui Ka Yan, as the beleaguered property giant continues to grapple with its debt crisis. The unfolding saga of China Evergrande Group's financial collapse has taken another turn with the sale of a second mansion in Hong Kong linked to the company's chairman, Hui Ka Yan, as the beleaguered property giant continues to grapple with its debt crisis. -
Hong Kong Court Orders Evergrande Liquidation, Deepening Property Crisis
The Hong Kong High Court's decision to order the liquidation of Evergrande Group, the globe's most indebted real estate developer, has sent ripples through the financial markets, exacerbating concerns over the already fragile state of China's property sector. 
The Hong Kong High Court's decision to order the liquidation of Evergrande Group, the globe's most indebted real estate developer, has sent ripples through the financial markets, exacerbating concerns over the already fragile state of China's property sector. -
China Evergrande NEV Faces Turmoil as Vice Chairman Detained, Shares Drop 23%
Shares of China Evergrande New Energy Vehicle Group (Evergrande NEV) plummeted by 23% on Monday following the announcement that the company's Vice Chairman, Liu Yongzhuo, has been detained under suspicion of "illegal crimes." Shares of China Evergrande New Energy Vehicle Group (Evergrande NEV) plummeted by 23% on Monday following the announcement that the company's Vice Chairman, Liu Yongzhuo, has been detained under suspicion of "illegal crimes." -
Evergrande's Unit Takes Legal Action Against Parent Company Over $279 Million Pledge Guarantees
Evergrande Property Services Group, through its subsidiary Jinbi Property Management Company, has initiated legal proceedings against Hengda Real Estate Group Company and its parent, China Evergrande, among others. Evergrande Property Services Group, through its subsidiary Jinbi Property Management Company, has initiated legal proceedings against Hengda Real Estate Group Company and its parent, China Evergrande, among others. -
China Evergrande's New Equity Offer Draws Bondholders' Doubts Amid Debt Challenge
China Evergrande's latest attempt to address its mounting debt crisis involves a proposal for offshore bondholders: convert their debt into nearly a 30% equity stake in each of the developer's two Hong Kong-listed subsidiaries. However, the embattled property firm's proposition is meeting skepticism, as it grapples to prevent a potential liquidation. China Evergrande's latest attempt to address its mounting debt crisis involves a proposal for offshore bondholders: convert their debt into nearly a 30% equity stake in each of the developer's two Hong Kong-listed subsidiaries. However, the embattled property firm's proposition is meeting skepticism, as it grapples to prevent a potential liquidation. -
Evergrande Faces December Deadline for Debt Restructuring Proposa
China Evergrande Group, the heavily indebted Chinese property behemoth, finds itself at a crucial crossroad. The Hong Kong High Court has extended a five-week grace period for the beleaguered developer to finalize a deal with its creditors. If Evergrande fails to offer a concrete revised restructuring proposal by December 4th, the firm could face imminent liquidation, per Justice Linda Chan's directive. China Evergrande Group, the heavily indebted Chinese property behemoth, finds itself at a crucial crossroad. The Hong Kong High Court has extended a five-week grace period for the beleaguered developer to finalize a deal with its creditors. If Evergrande fails to offer a concrete revised restructuring proposal by December 4th, the firm could face imminent liquidation, per Justice Linda Chan's directive. -
China Evergrande Reworks Debt Restructuring Amid Mounting Challenges
China Evergrande Group, the beleaguered property giant ensnared in a massive debt crisis, is in the process of amending terms of its previously proposed $20 billion offshore debt restructuring deal. The move comes in response to evolving circumstances for the firm and the demands of its creditors, according to a disclosure on Friday. 
China Evergrande Group, the beleaguered property giant ensnared in a massive debt crisis, is in the process of amending terms of its previously proposed $20 billion offshore debt restructuring deal. The move comes in response to evolving circumstances for the firm and the demands of its creditors, according to a disclosure on Friday. -
Chinese Billionaire Hui Ka Yan and His Son, Along with Several Evergrande Executives, Under Investigation - Insider
Rumors of Hui Ka Yan's detainment had been circulating within Evergrande for some time. "We're not sure if he's being investigated or just assisting with one," said an insider. 
Rumors of Hui Ka Yan's detainment had been circulating within Evergrande for some time. "We're not sure if he's being investigated or just assisting with one," said an insider.
