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Trading Suspended; Ronshine Auditor Resigns: Evergrande Update

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WATCH: Evergrande’s onshore unit says it has received approval to delay coupon payments on its yuan-denominated bond.Source: Bloomberg
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China Evergrande Group and its other units were suspended in Hong Kong Monday pending an announcement containing “inside information,” according to exchange filings that didn’t elaborate further. The embattled developer may hold a call this week to brief investors on its debt restructuring plan, REDD reported.

Elsewhere, Ronshine China Holdings Ltd. won’t meet a March 31 deadline to publish audited full-year results after it became the latest property firm to announce the resignation of its auditor. Ronshine’s stock and bonds plunged.