Kaisa becomes latest China developer to delay earnings results

Kaisa becomes latest China developer to delay earnings results

Photo: A construction site by Chinese property developer Kaisa Group is seen at an area of downtown Shanghai, February 17, 2015. REUTERS/Carlos Barria

Cash-strapped Kaisa Group Holdings Ltd has joined a growing list of Chinese property developers unable to publish 2021 audited earnings by March 31 as required by listing rules, deepening market concern about the sector’s financial health.

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