Chinese real estate giant Biguiyuan postpones announcement of financial results for last year. The company says the reason for the postponement is that the business environment has changed significantly due to the prolonged slump in the real estate market.
In line with this, the Hong Kong Stock Exchange will suspend trading of Biguien's shares from the 2nd of next month. According to exchange rules, if trading continues for one and a half years, there is a risk of delisting. Hekkeien had a net loss of approximately 1 trillion yen in Japanese yen for the six months up to June.