HONG KONG: This will be a 'crucial year' for China Evergrande Group to fulfil home delivery to buyers, company Chairman Hui Ka Yan said in a letter to employees on New Year's Day, adding he trusted the firm would be able to repay all its debt. Saddled with over US$300 billion in liabilities and undergoing
HONG KONG: This will be a"crucial year" for China Evergrande Group to fulfil home delivery to buyers, company Chairman Hui Ka Yan said in a letter to employees on New Year's Day, adding he trusted the firm would be able to repay all its debt.
"I trust firmly, as long as the entire Evergrande staff ... does all the jobs solidly including completing construction, restoring sales, restoring operation, we will definitely be able to ensure home delivery ... repay all kinds of debt and resolve risks," Hui said in the letter dated Jan. 1. The figures compared to 631 projects and 256,000 units in the first 11 months, according to a company filing last month.
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