Cash-strapped Sunac China Holdings’ shares tumbled by about a fifth after the Chinese developer said it would delay publishing its 2021 results and suspend share trading.The Beijing-based home builder said it will not be able to meet the March 31 deadline because the auditing work on its finances has yet to be completed, and will postpone a board meeting scheduled for that date.In a filing to the stock exchange on Monday night, Sunac said it is in the process of talking to its offshore…
Source : South China Morning Post
Read more…Sunac’s shares plunge as another cash-strapped Chinese developer says it won’t make March 31 results reporting deadline
