The real estate giant said last week it would delay its earnings report as it faces a winding-up petition.

Cross-posted from: https://beehaw.org/post/12949861

It defaulted on its overseas debt last year and faces a winding-up petition.

In January, rival real estate giant China Evergrande was ordered to liquidate by a Hong Kong court.

Country Garden said “due to the continuous volatility of the industry, the operating environment the Group confronting is becoming increasingly complex”, when it announced its earnings report would be delayed.