Investors spooked as Chinese developers delay annual results

Apr 10, 2022

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.

Investors spooked as Chinese developers delay annual results

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.

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