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China's distressed property developer losses start to pile up
Nikkei Asian Review· 3 days agoEvergrande withdraws New York bankruptcy application
China scrutinises PwC role in $78 bln Evergrande fraud case, Bloomberg News reports
Reuters· 7 days ago, opens new tab accounting practices after the developer was accused of a $78 billion fraud, Bloomberg News reported on Friday. No decision has been made on whether to penalise the auditor, ...
Country Garden Delays Results, Expects Trading Suspension
Bloomberg via Yahoo Finance· 4 hours ago(Bloomberg) -- Country Garden Holdings Co., one of China’s biggest property developers, warned it...
Alternative Liquidity Capital Announces Offer to Purchase Dollar Denominated Bonds of China ...
PR.com· 7 days agoOn January 29, 2024, a Hong Kong Court issued a winding up order against China Evergrande Group so that liquidators can take control over the company, secure ...
China Evergrande Drops Debt Restructuring Applications in U.S.
The Wall Street Journal· 3 days agoThe developer had sought a New York court’s approval last August to restructure more than $19...
China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case
Bloomberg via Yahoo Finance· 7 days ago(Bloomberg) -- Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China ...
China Intensifies Investigation On PwC For Possible Role In Historic $78B Evergrande Fraud: Report
Benzinga· 6 days agoThe Chinese authorities are intensifying their scrutiny of PricewaterhouseCoopers LLP (PwC) in...
Developer Country Garden downplays hiring Kroll for liquidation analysis
South China Morning Post· 1 day agoThe developer, based in Foshan in China’s southern Guangdong province, hired New York-based Kroll to...
Chinese cities to close local financial asset exchanges to defuse risks
Reuters· 2 days agoFour Chinese provinces and cities are shutting down their financial asset exchanges as part of efforts to crack down on illegal fundraising and rising risks in local government finances. Local ...
Andrew Left, Banned for Evergrande Warning, Now Wants an Apology
Bloomberg via Yahoo Finance· 2 days ago(Bloomberg) -- US short-seller Andrew Left wants an apology from Hong Kong’s market regulator — and...