2023 crucial for home delivery, debt repayment: Evergrande chairman

2023 crucial for home delivery, debt repayment: Evergrande chairman

FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo/File Photo

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 $300 billion in liabilities and undergoing a debt restructuring, the world’s most indebted property developer has been struggling to repay its many creditors and suppliers and complete projects.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter