Country Garden in 2022 suffered its first full-year loss ― more than 6 billion yuan ― since listing in 2007. ― AFP file picHONG KONG, April 2 ― Trading in debt-ridden Chinese property developer Country Garden was suspended in Hong Kong today, days after it postponed the release of its 2023 results.
“At the request of the company, trading in the shares of the company on the stock exchange will be suspended... pending publication of the 2023 Annual Results,” Country Garden said in a Hong Kong exchange filing.The real estate behemoth on Thursday postponed the expected release of its 2023 results, saying it “needs to collect more information to make appropriate accounting estimates and judgements”.
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