Country Garden said it needed to collect more information to make appropriate accounting estimates and judgements.

The developer defaulted on $11 billion of offshore bonds late last year.

It also missed a $13.3 million coupon payment this month.

Shares will be suspended from April 2, pending the publication of the annual results.

Country Garden said the suspension of trading wouldn't have a material impact on its operations.

It said it will continue to work closely with its auditor to publish the results as soon as it could.

But it did not set a new publication date.

Country Garden is in the process of restructuring its offshore debt, and said it is actively engaged in discussions with creditors.

Reuters reported Wednesday (March 27) Country Garden has hired Kroll to carry out a liquidation analysis ahead of a court hearing in mid-May.

The company's problems come as China's property sector has lurched from one crisis to another since 2021.

A regulatory crackdown on high leverage among developers led to a liquidity crisis.

Many big name companies have since struggled.