8/15, 10:52 AM (Source: TeleTrader)
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Evergrande investigated in HK over transactions

The Financial Reporting Council (FRC) in Hong Kong announced on Monday it has expanded its investigation into China Evergrande Group and included its subsidiary Evergrande Property Services Group Limited in the ongoing probe.

Both companies are under inquiry over financial statements for the full fiscal year 2020 and the first half of fiscal 2021.

According to the FRC, there is also an investigation of the audit carried out by PricewaterhouseCoopers (PwC) on both firms' 2020 annual accounts.

Baha Breaking News (BBN) / MS