PricewaterhouseCoopers suspended the construction of a campus in Hainan, China following penalties imposed on it due to its audit of China Evergrande (HKG:3333), The Standard reported Thursday.
PwC planned to use the campus as a training facility for "building trust in leadership," the report said.
The facility, located in a tourism hub in Sanya, Hainan, was due for completion in 2025. The firm invested more than 1 billion yuan in the project.
PwC was fined 441 million yuan and a six-month suspension for its audit on Evergrande in 2019 and 2020.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。