Hong Kong Watchdog Investigates Evergrande Over Deal Audits
- Financial Reporting Council also reviewing services subsidiary
- Review marks the second probe of embattled developer
The China Evergrande Group Royal Peak residential development under construction in Beijing, China.
Source: Bloomberg
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Hong Kong’s Financial Reporting Council is stepping up its investigation of audits at China Evergrande Group, the second review of the embattled developer’s books in nine months.
The watchdog is looking into Evergrande’s accounts and the audits of some transactions at the company and its subsidiary Evergrande Property Services Group Ltd., according to a statement Monday.