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China Evergrande to delay 2021 results due to unfinished audit and efforts to overhaul world’s most indebted developer


China Evergrande Group said it would delay the release of its 2021 financial results, as the world’s most indebted developer engages with investors to overhaul a sprawling business with 1.97 trillion yuan (US$310 billion) in liabilities.Evergrande said it would not be able to publish its 2021 financial results by the March 31 deadline, as the auditing work on its finances has yet to be completed, according to a filing to the Hong Kong stock exchange.Two of the company’s Hong Kong-listed units –…

Source : South China Morning Post
Read more…China Evergrande to delay 2021 results due to unfinished audit and efforts to overhaul world’s most indebted developer

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