FINANCE

China Evergrande Liquidators Seek to Block $128 Million PwC Payout

Published: Jun. 16, 2026 5:39 p.m. GMT+8

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Liquidators for China Evergrande Group have launched a legal challenge to block a HK$1 billion ($128 million) payout from PwC Hong Kong to the collapsed developer’s minority shareholders.

Filing for a judicial review in the Hong Kong High Court, the liquidators argue the private settlement brokered by the city’s securities regulator unlawfully prioritizes shareholders over creditors.

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Liquidators filed judicial review to block HK$1 billion PwC payout to Evergrande minority shareholders, citing unlawful priority to shareholders over creditors.
They separately pursue 57 billion yuan from PwC in civil lawsuit over role in financial fraud.
SFC brokered settlement without PwC admitting liability; liquidators argue SFC overstepped authority.

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China Evergrande Group: China Evergrande Group's liquidators are challenging a HK$1 billion payout from PwC Hong Kong to minority shareholders, arguing it unlawfully prioritizes shareholders over creditors. They also separately seek 57 billion yuan ($8.4 billion) from PwC in a civil lawsuit over Evergrande's financial fraud.

PwC Hong Kong: PwC Hong Kong faces legal challenges from Evergrande liquidators over a HK$1 billion settlement with the SFC, regarding its role in Evergrande's fraud. The liquidators seek to block the payout and are separately pursuing ¥57 billion from PwC in a civil lawsuit.

AI generated, for reference only