HONG KONG -- China Evergrande Group said on Tuesday that it will miss a stock exchange deadline to disclose its annual results by the end of the month, citing complications with the auditing of its books.
Investors have been waiting for the update to get a fuller understanding of the developer's debt woes. Evergrande, which was China's largest property developer by sales until its operations were undermined by its financial troubles, previously disclosed debts of about $300 billion but has since given indications it owes much more.
