This earnings season had been expected to be the worst in a decade for Chinese developers beset by a credit crunch, and failure for the firms to come clean on time – as well as a slew of auditor resignations – will only worsen sentiment. Uncertainties over financial transparency may also bring further credit rating downgrades.
https://www.theedgemarkets.com/article/dozens-hong-kong-firms-halted-after-missing-earnings-deadline
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