The home stretch |

“We have to work hard and put our nose to the grindstone to ensure the delivery of projects. Only in this way can we satisfy the homebuyers, resume sales, resume operations, repay all types of debts and get out of the predicament”

Sep 16, 2022 (WiC 600)

Tweet

×Scan to share with WeChat
A A
Print this article

Evergrande chairman Xu Jiayin says construction has started again on 668 of the company’s 706 pre-sold projects in China. Investors in the company are still waiting for details on its restructuring, though, although one creditor has just seized its Hong Kong headquarters building after failure to repay a $968 million loan.

Sponsored by HSBC.

The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.

Sino-File

The home stretch

“We have to work hard and put our nose to the grindstone to ensure the delivery of projects. Only in this way can we satisfy the homebuyers, resume sales, resume operations, repay all types of debts and get out of the predicament”

More stories from this issue

Issue 611