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China Evergrande Group

(恒大集团)

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PwC Zhong Tian was hit with a six-month suspension and a fine of 441 million yuan on Friday over the firm’s audit of failed property developer China Evergrande Group.

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Bankruptcy filing against Kailong Real Estate was accepted by a Guangzhou court, according to a statement to the Hong Kong stock exchange.

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China Evergrande’s Group’s shares have been suspended from trading since January 29. Photo: Reuters

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PwC, former auditor of the collapsed developer China Evergrande Group, is facing legal action from the liquidators of the company, the latest setback for the accounting firm.

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Hong Kong and mainland China team up on investigating PwC’s audits of Evergrande

China’s Ministry of Finance and Hong Kong’s audit regulators have been assisting each other in their respective investigations of PwC’s audit work of China Evergrande Group.

Hong Kong and mainland Chinese regulators have conducted separate investigations into PwC on the quality of the audit work related to Evergrande. Photo: Bloomberg

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Chinese company demands sale of Evergrande founder’s Hong Kong flat

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China Evergrande Group
恒大集团
News and analysis about China Evergrande Group, one of the country's biggest property developers by sales volume. Coverage includes Evergrande's real estate projects in mainland China and Hong Kong, as well as its forays into so-called new energy vehicles (NEVs), and its stake in the football club Guangzhou FC, known as the Guangzhou Evergrande Football Club until 2021.
Chairman / President
Yu Fachang
CEO / Managing Director
Lin Chun
CFO / Finance Director
Wong Chun Sek
Industry
Property
Website
ebchina.com
Headquarters Address
China Everbright Center, 25 Taipingqiao Avenue, Xicheng District, Beijing, China
Stock Code
SSE: 601818
SSE: 360013
SEHK: 6818
Year Founded
1990
last updated:
14 September, 2024
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