China Evergrande Group
Coverage of China Evergrande Group in the Nexus archive.
- China Evergrande liquidators seek judicial review of SFC agreement with PwC Hong Kong
The liquidators of China Evergrande Group are challenging the Hong Kong Securities and Futures Commission’s settlement agreement with PricewaterhouseCoopers (PwC) Hong Kong, alleging it harms creditors by HK$1 billion. They seek judicial review in Hong Kong’s High Court to block the agreement.
- Evergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit
Evergrande's liquidators are pursuing a lawsuit against three PwC entities in Hong Kong, seeking 57 billion yuan (US$8.4 billion) over alleged audit failures linked to the collapsed developer's accounting scandal. The claim is one of the largest corporate lawsuits filed in Hong Kong. Liquidators Tiffany Wong and Eddie Middleton of Alvarez & Marsal are targeting PwC International, PwC Hong Kong, and PwC China, arguing the global coordinating arm assumed responsibility for audits.
- Evergrande Liquidators Pursue Claims Against PwC in HK Court
China Evergrande Group has proposed a new debt restructuring plan for offshore bondholders. The proposal comes as the company faces financial difficulties. Liquidators are pursuing claims against PwC in an HK court.
- Hong Kong High Court to hear Evergrande liquidators’ lawsuit against PwC on Monday
China Evergrande Group's liquidators are pursuing a lawsuit against PricewaterhouseCoopers (PwC) International in Hong Kong High Court, with a one-day hearing scheduled for Monday. The case concerns claims related to the developer's auditing practices. Deputy Judge Patrick Fung Pak-tung will preside over the public hearing.
- Translations: As Evergrande’s Xu Jiayin Pleads Guilty, “Behind the Scenes Are Too Many Uncomfortable Truths That Can Never Be Fully Examined”
Xu Jiayin, founder of collapsed China Evergrande Group, pleaded guilty to eight charges including misuse of funds and fraudulent fundraising, facing potential life imprisonment. The trial has drawn intense public attention on Chinese social media and highlighted systemic issues in China's property sector, with concerns that other complicit individuals may escape unpunished due to high-level connections.
- Evergrande Liquidators Said to Pick State-Owned Tourism Firm for Exclusive Sale Talks
Evergrande Liquidators are reportedly engaging in exclusive sale talks with a state-owned tourism firm regarding assets from the Life in Venice real estate and tourism development project in Qidong, Jiangsu province. The project, part of China Evergrande Group's portfolio, is being considered for potential sale amid the company's financial challenges.
- China Evergrande’s billionaire boss pleads guilty to fraud
Hui Ka Yan, founder of China Evergrande Group, pleaded guilty to fraud and other charges following the collapse of the world's most indebted property developer. He expressed remorse during trial proceedings in Shenzhen, admitting to misuse of funds and illegally taking public deposits.