Evergrande liquidation law firm probing PwC, others for potential claimsLawyers for China Evergrande Group's liquidators are investigating its former auditor, PwC, and other service providers to recover losses f...
14 Jun, 2024, 01.35 PM IST
PwC in major accounting scandal? China may impose record fine on PricewaterhouseCoopers over Evergrande auditing workChina is set to impose a record fine on PricewaterhouseCoopers LLP and may suspend some of its local operations due to its involvement in a...
30 May, 2024, 01.03 PM IST
China regulator to ban Evergrande chair from securities market for lifeChinese regulators are set to ban Evergrande's chairman for life from the securities market due to financial fraud, according to a subsidia...
18 Mar, 2024, 08.55 PM IST
Pressure piles on China Evergrande with report chairman under police surveillanceThe chairman of China Evergrande Group, Hui Ka Yan, has reportedly been placed under police surveillance, adding to the pressure on the tro...
27 Sep, 2023, 10.06 AM IST
Evergrande shares rise despite mounting uncertainty over debt revamp planThe rise came despite growing uncertainty about the cash-strapped developer after Reuters reported that some of its offshore creditors were...
27 Sep, 2023, 07.56 AM IST
China Evergrande shares tumble for second day, down 8% after unit misses bond paymentThe news comes after Evergrande said on the weekend that it was unable to issue new debt due to an ongoing investigation into Hengda, sendi...
26 Sep, 2023, 10.50 AM IST
Evergrande shares sink after saying it is unable to issue new debtThe development opens a new front for the world's most indebted company just a week after police detained some staff at its wealth manageme...
25 Sep, 2023, 07.54 AM IST
Fitch withdraws ratings on debt-laden China Evergrande, subsidiariesThe rating agency in December downgraded Evergrande and its subsidiaries, Hengda Real Estate Group Co Ltd and Tianji Holding Ltd, to so-cal...
02 Jun, 2022, 04.28 PM IST
China Evergrande, units say unable to publish annual results by March 31Evergrande said in a stock exchange filing that due to the "drastic changes" in its operations since the second half of last year, the audi...
22 Mar, 2022, 06.56 AM IST
As pressure mounts, China Evergrande seeks delaying onshore bond paymentEvergrande is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of offshore bonds deemed in cross-def...
05 Jan, 2022, 12.51 PM IST
Evergrande saga may shorten the length of the ongoing steel upcycle: ICRA“With the Chinese property sector accounting for around 15% of global steel demand, the Evergrande saga may potentially shorten the length ...
11 Nov, 2021, 12.01 AM IST
China's Evergrande shares soar 20% in Frankfurt as unit to make coupon paymentEvergrande’s main unit Hengda Real Estate Group will make coupon payment on onshore bonds after successful private negotiations with bond h...
22 Sep, 2021, 01.34 PM IST
Evergrande agrees deal to avoid default on key bond: CompanyEvergrande's property unit Hengda has said it had negotiated a plan to pay interest due on its 2025 bond, which Bloomberg News calculated w...
22 Sep, 2021, 09.50 AM IST
Evergrande to make domestic bond coupon payment, soothing fearsThe announcement comes as Evergrande, once the country's top-selling developer, inches closer to a key deadline for an interest payment on ...
22 Sep, 2021, 08.50 AM IST
China stocks down over 1% on Evergrande fallout fearsHong Kong-listed shares of China Evergrande slumped 6.4% to the lowest in a decade as it battled a liquidity crisis amid Beijing's draconia...
16 Sep, 2021, 02.39 PM IST
China Evergrande onshore bond trading suspended after downgradeGoldman Sachs said in a report that because Evergrande has dollar bonds issued by both the parent company and a special purpose vehicle, re...
16 Sep, 2021, 01.11 PM IST
24 workers killed, 52 injured in China's coal mine fireThe fire occurred in the coal mine under Hengda Coal, a subsidiary of Fuxin Coal, a major coal producer in the province.
26 Nov, 2014, 10.36 AM IST