(Reuters) -China’s largest property developer Nation Backyard on Friday additional delayed the discharge of its 2023 monetary outcomes, because it wanted extra time amid an ongoing debt restructuring.
The agency had beforehand delayed the ends in March, saying it wanted extra time to gather info for making acceptable accounting estimates and judgements.
“The Group will finalize and publish the 2023 annual outcomes and despatch the 2023 annual report as quickly as practicable,” the debt-laden property developer mentioned in an trade submitting.
In accordance with sure itemizing guidelines of the Hong Kong bourse, Nation Backyard, which defaulted on $11 billion of offshore bonds late final 12 months, needed to publish its earnings for the first-half of fiscal 2024 by August finish.
The corporate can even not be capable of announce its outcomes for the six months ending June, it mentioned.
Buying and selling of its shares, suspended since early April, will stay suspended.