China's Finance Ministry announced on Friday that it is suspending the PricewaterhouseCoopers (PwC) Chinese business for six months and imposing a penalty of 116 million yuan ($62 million) following an investigation into PwC's audit of the Evergrande Real Estate Group. The ministry accused PwC of...
China Evergrande New Energy Vehicle (NEV) Group Ltd.'s stock skyrocketed by more than 100% during Monday's session as the company resumed trading on the Hong Kong Stock Exchange (SEHK) several months after its parent, Evergrande Group, was ordered liquidation.
Evergrande NEV's...
The Hong Kong High Court decided on Monday that China Evergrande Group will be liquidated after the property developer failed to reach a restructuring deal with its overseas creditors. Judge Linda Chan cited a lack of progress in negotiations and over $300 billion in liabilities as some of the...
Real estate giant China Evergrande Group and its creditors did not manage to reach a restructuring agreement, the Wall Street Journal reported citing people familiar with the matter. According to the sources, the creditors plan to support the plan to liquidate the company in a hearing in Hong Kong...
China Evergrande New Energy Vehicle Group Ltd. announced on Monday that its "Chief executive Officer (CEO) Liu Yongzhuo was arrested "in accordance with the law on suspicion of illegal crimes.
Previously, the company halted its share trading in the Stock Exchange of Hong Kong Ltd., and...
The shares of the China Evergrande Group skyrocketed on Monday following the news that the hearing related to its possible liquidation has been pushed back yet again.
The property developer was given more room to figure out how to implement its restructuring plan that could potentially save...
The China Evergrande Group's hearing on should the indebted property developer be liquidated was pushed back to the beginning of the next year, a Hong Kong court ruled on Monday.
Justice Linda Chan told the courtroom that the next hearing will be held on January 29, 2024. The Hong Kong High...
The China Evergrande Group is currently holding discussions with its main foreign creditors to reach a deal that would potentially save the property developer's offshore operations from liquidation, The Wall Street Journal (WSJ) reported on Friday.
According to the outlet's sources familiar with the...
China Evergrande Group announced on Monday that it has filed an application with the Hong Kong Stock Exchange to resume trading on October 3.
The company unilaterally requested a halt in the trading of its shares on September 28 and later revealed that its Executive Director and Chairman...
Evergrande Group Executive Director and Board of Directors Chairman Hui Ka Yan is reportedly facing investigation by the Chinese authorities for alleged offshore asset transfers during a period when the company was grappling with the challenge of completing its unfinished projects, sources told...
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