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

Source: China – South China Morning PostChina Evergrande Group said it would delay the release of its 2021 financial results due to ongoing audit work while it investigates banks’ seizure of its deposits at a unit, as the world’s most indebted developer overhauls 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…Read More

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