Investors spooked as Chinese developers delay annual results
At least 10 have missed the deadline to announce their annual results, and EY and PwC have resigned as auditors for several large developers, raising eyebrows among investors.
Major Chinese developers have delayed declaring their annual audited results for 2021. Now investors are worried this means they have deeper hidden problems in their businesses and will struggle to repay debts.
On the other hand, the hold-up could provide investors with more clarity about which developers are more likely to make it through the crisis with little further damage.
Earnings season should have just finished for Hong Kong-listed Chinese developers due to announce thei…
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