Hong Kong Securities and Futures Commission and PricewaterhouseCoopers have reached an agreement under which they will compensate shareholders with HK$1 billion for false financial statements of China Evergrande Group in 2019 and 2020.

The Hong Kong Securities and Futures Commission has reached an agreement with PricewaterhouseCoopers Hong Kong, whereby PwC Hong Kong agrees to set aside HKD 1 billion to compensate eligible minority shareholders of China Evergrande Group.

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