China Revokes Evergrande Life's License Over Illegal Fund Use
Chinese authorities have revoked the license of Evergrande Life, a subsidiary of the Evergrande Group, citing illegal use of funds.
Results for "Evergrande Group"
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Evergrande Founder Sentenced to Life in Prison for Fraud
Xu Jiayin, the founder of China's Evergrande Group, has been sentenced to life in prison after pleading guilty to fraud charges. The company was also fined over US$2 billion.
China's Evergrande Founder Pleads Guilty to Fraud
The founder of China's embattled Evergrande Group has pleaded guilty to fraud charges, marking a significant development in the company's legal troubles.
Guangzhou Court Accepts Evergrande Unit's Bankruptcy Liquidation
A Chinese court in Guangzhou has accepted the bankruptcy liquidation application for a unit of the embattled developer Evergrande Group. This development follows the founder's life sentence and further complicates the company's financial woes.
Evergrande Liquidators Sue PwC for $8.4 Billion Over Negligent Audits
Liquidators for China Evergrande Group have filed a lawsuit in Hong Kong seeking $8.4 billion from accounting firm PwC. The claim accuses PwC of negligence in its audits of the embattled property developer.
China Evergrande Founder Pleads Guilty to Fraud Charges
Xu Jiayin, the billionaire founder of the embattled Chinese property giant Evergrande, has pleaded guilty to fraud charges. This development marks a significant turn for the company, which is the world's most indebted property developer.
Evergrande Creditors Face More Complex Path in $45 Billion Liquidation
Creditors of China Evergrande Group, who are owed $45 billion, are now facing a more complicated process to recover even a fraction of their money as the company undergoes one of China's largest liquidations.
Hong Kong High Court to Hear Evergrande Liquidators' Lawsuit Against PwC
The Hong Kong High Court is scheduled to hear the lawsuit filed by China Evergrande Group's liquidators against PricewaterhouseCoopers (PwC) International on Monday. The one-day hearing is listed on the judiciary's website.
Evergrande Founder Xu Jiayin Pleads Guilty in First-Instance Trial
The first-instance trial for Evergrande Group, Evergrande Real Estate, and founder Xu Jiayin has concluded, with Xu pleading guilty to charges.