August 30, 2021
HONG KONG (Reuters) – China Evergrande Group, the country’s debt-laden No. 2 property developer, said on Monday it will not hold a news conference after it reports its first-half earnings on Tuesday.
The company did not provide a reason for the rare move.
Evergrande said last week it expected its six-month net profit to slump as much as 39% from a year earlier, dragged by a drop in its home selling prices and higher expenses.
(Reporting By Clare Jim; Editing by Anne Marie Roantree and Kim Coghill)
Source: One America News Network
