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Chinese Developer Delays Full-Year Results After Auditor Resigns

  • Ronshine won’t release audited data by March 31 as PwC Leaves
  • Developer is the latest in sector to announce change this year
Bloomberg business news
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Investors are bracing for more delays in Chinese developers’ 2021 results as Ronshine China Holdings Ltd. becomes the latest to announce the resignation of its auditor.

Ronshine said it won’t file audited results by the end of March deadline as PricewaterhouseCoopers LLC was unable to complete its audit work partly because the supply of requested information had fallen behind schedule, the real estate firm said in a Monday filing to the Hong Kong stock exchange.