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China Evergrande, units say they are unable to publish annual results by Mar 31 deadline

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HONG KONG: China Evergrande Group said on Tuesday (Mar 22) the embattled developer would not be able to publish its financial results for last year by Mar 31 as required by stock listing rules, as audit work has not yet been completed. Its two Hong Kong-listed units, China Evergrande New Energy V

HONG KONG: China Evergrande Group said on Tuesday the embattled developer would not be able to publish its financial results for last year by Mar 31 as required by stock listing rules, as audit work has not yet 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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Trading in shares of China Evergrande, units haltedHONG KONG: Share of embattled property developer China Evergrande Group were suspended from trading on Monday (Mar 21), a filing from the Hong Kong stock exchange showed. Trading was also halted in shares of its property services unit, Evergrande Property Services Group Ltd, and electric vehicle unit,
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