Evergrande has defaulted, some say
German firm launches bankruptcy proceedings against Evergrande.
November 18, 2021
As if the debt problems of China Evergrande Group were not bad enough, the world’s most indebted property firm and its auditor PwC, one of the Big Four accounting firms, are being probed by Hong Kong’s independent listed entity auditor regulator, the Financial Reporting Council (FRC), on the Chinese developer’s accounts.
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