China Evergrande says directors fell 'below standards' in property unit probe

China Evergrande says directors fell 'below standards' in property unit probe

FILE PHOTO: The logo of China Evergrande is seen at China Evergrande Centre in Hong Kong, China December 7, 2021. REUTERS/Tyrone Siu

Property developer China Evergrande Group said on Wednesday an independent committee found its directors fell “below standards” through their involvement in diverting loans secured by unit Evergrande Property Services to the group.