China property developers, Evergrande, can’t release earnings on time

A slew of Chinese real estate developers said this week that they are either not able to release their financial results on time or have yet to set board meetings for them.

Among them is troubled property developer Evergrande which shook investment markets last year as a result of its debt crisis.

The developers gave a variety of reasons for not being able to do so.

In a filing to the Hong Kong exchange on Tuesday, Evergrande said that due to the “drastic changes” in its operational environment since the second half of last year, its auditor added “a…