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Top related persons:
Aly - 1 Evergrande NEV - 1 Mat Ng - 1 Grant Thornton - 1 Evergrande - 1 Hui Ka Yan - 1 Clare Jim - 1 Xie Yu - 1
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China Shenzhen Guangdong province HONG KONG HK Hong Kong Grant Thornton Hong Kong SYDNEY
Top related orgs:
China Evergrande Group - 1 REUTERS - 1 Hong - 1 Evergrande - 1 Services - 1 HK - 1 New Energy Vehicle Group - 1 Evergrande Property - 1

Search resuls for: "Grant Thornton Hong Kong"


2 mentions found


☆ Evergrande will struggle to revive its debt restructuring plan
  + stars: | 2023-10-31 | by ( Clare Jim Xie Yu Scott Murdoch | Clare Jim | Xie Yu | ) www.reuters.com   time to read: +4 min
Evergrande's lawyer said the company was working on a revised plan to "monetise the value" of its two Hong Kong-listed units - Evergrande Property Services Group (6666.HK) and Evergrande New Energy Vehicle Group (NEV) (0708.HK). Sources familiar with the matter told Reuters that plan included allowing Evergrande creditors to swap their debt into equity and bonds tied to these units. Evergrande, Evergrande Property Services and Evergrande NEV declined to comment. "Why would those shareholders want to see new debt issued to replace the existing debt issued by Evergrande, what is the benefit for them?" Evergrande's initial $23 billion offshore debt restructuring plan was thrown off course last month when its billionaire founder Hui Ka Yan was confirmed to be under investigation for suspected criminal activities.
Persons: Aly, Evergrande NEV, Mat Ng, Grant Thornton, Evergrande, Hui Ka Yan, Clare Jim, Xie Yu, Scott Murdoch, Miral Organizations: China Evergrande Group, REUTERS, Hong, Evergrande, Services, HK, New Energy Vehicle Group, Reuters, Evergrande Property, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, HK, Hong Kong, Grant Thornton Hong Kong, SYDNEY
☆ Regulator Warns Hong Kong Companies About Auditor Resignations
  + stars: | 2022-10-27 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: +4 min
Hong Kong’s accounting regulator is sounding the alarm over a surge in auditor resignations a month before or after a company’s reporting period ends. So-called “late auditor resignations,” which increased to 107 during the nine months ended Aug. 31 from 71 in the same period a year earlier, can jeopardize audit quality, the Accounting and Financial Reporting Council said Thursday. Audit firm resignations, and changes in general, are rare in the U.S., where companies are not required to switch firms after a certain number of years. In March, Enterprise Development announced annual results for the period that ended in December audited by Hong Kong accounting firm BOFA CPA Ltd. “We are concerned that audit quality may be compromised by late auditor resignations because the incoming auditor will have limited time to plan and conduct a proper audit in order to meet the listed entity’s deadline to announce their audited results,” she added.
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