Evergrande, which has been kept alive by government-run rescue operation since it defaulted on $22.7bn worth of overseas debts in December, said audit work would not be completed by the 31 March deadline. It promised to “further enhance communications” with investors.
The turmoil at the stricken company was underlined when it also announced its property services unit had discovered a $2bn hole in its accounts.
When there’s one hole it always seems possible to find more than one….