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16 HK-Listed Firms Severe Contracts with PwC: Report
Recommend 21 Positive 46 Negative 23 |
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PricewaterhouseCoopers (PwC) faced a substantial fine in China last year due to the audit controversy involving EVERGRANDE (03333.HK). Following the loss of numerous state-owned enterprise clients earlier, 16 Hong Kong-listed companies have terminated their contracts with PwC in the past month, resulting in a loss of annual fees totaling RMB330 million, according to Reuters. Among those Hong Kong-listed companies were LI NING (02331.HK), LINK REIT (00823.HK), AIA (01299.HK), XINYI GLASS (00868.HK), and XINYI SOLAR (00968.HK). AAStocks Financial News |
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