China Evergrande: Caihui Bureau investigated its accounts and audits on several transactions

On August 15, 2022, the Hong Kong Finance Reporting Bureau released news on the official website that the bureau investigated the accounts and audits of China Evergrande and Evergrande Property on several transactions.

Picture source: official website of Caihui Bureau

According to disclosure, the Caihui Bureau has begun: 1. Evergrande property accounts for 2020 and the investigation of financial statements for six months ended June 30, 2021; 2. Audit investigation conducted by the annual account of large property in 2020.

At the same time, the scope of the Caihui Bureau expanded the inquiry and investigation, the existing investigation of the annual accounts of China Evergrande in 2020 and the six months ended June 30, 2021; Evergrande's existing investigation of the annual account audit of 2020.

Regarding the reasons for the investigation, the Caihui Bureau stated that according to the announcement issued by China Evergrande and Evergrande Property on July 22, 2022, the Caihui Bureau identified the measurement of the classification and other loans of bank deposits and other loans in the accounts. As well as the issues of the disclosure of related transactions, and the related issues of the audit.

According to previous announcements, the shares of China Evergrande and Evergrande Property have been stopped at the Stock Exchange from the Stock Exchange from the Stock Exchange from the Stock Exchange. The pledge deposit provided by about 13.4 billion yuan of deposits for RMB 13.4 billion has been forcibly executed by relevant banks.

On March 29, China Evergrande announced the establishment of an independent investigation committee to investigate the incident.

In order to solve the company's liquidity crisis, Evergrande has sold assets to save self -rescue. On the evening of August 4, 2022, China Evergrande announced that on August 3, the company signed an agreement with the transferee. Based on this, the original contract was terminated and the company returned the land use right. 5.52 billion yuan to transfer gold withdrawal.

Mentioning Evergrande's recent business performance, the company publicly stated that in the first half of 2022, the group realized contract sales of RMB 12.26 billion and contract sales area of ​​1.193 million square meters. As of now, 96%of the groups have sold the unopened projects, and all of them have been resumed, and the actual construction personnel have reached 86%of the Group's normal construction requirements. Since July 1, 2021, the company has completed a total of 232,000 units and delivery properties, with a construction area of ​​24.19 million square meters.

- END -