Long List of Earnings Delays Signal Woes for Chinese Builders – Bloomberg Tax

By Bloomberg News
At least 15 Chinese real estate companies that were suspended this year have delayed earnings, adding to a long list of property businesses facing similar challenges.
CIFI Holdings Group Co. and Jiayuan International Group Ltd. join China Evergrande Group among at least 28 suspended real estate operators that have yet to disclose results to the Hong Kong stock exchange as of April 3, according to data compiled by Bloomberg.
Despite policy support, the industry remains weak after a yearslong downturn that led to defaults, auditor changes and financial statement inspections. Some companies that have been halted for more than a …
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