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.
