China Evergrande Group has blamed a “drastic change” in the company’s prospects for a delay to publishing its annual results but has promised investors that it will reveal how it plans to restructure its massive debts of $300bn by the end of July. Evergrande, which has been kept alive by government-run rescue operation since it defaulted on $22.7bn worth of overseas debts in December, said audit...
Evergrande delays publishing annual results over ‘drastic change’ in prospects
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