Trying times: Some of the buildings developed by China Evergrande Group on the man-made Ocean Flower Island in Danzhou, Hainan province. The property developer is unable to meet the deadline to publish its annual results. — Reuters
HONG KONG: China Evergrande Group said yesterday the embattled developer would not be able to publish its financial results for last year by March 31 as required by stock listing rules because audit work has not been completed.
Evergrande said in a stock exchange filing that due to the “drastic changes” in its operations since the second half of last year, the auditor has added a large number of additional audit procedures.
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