Evergrande Vows Debt Payment After Restructuring Delay
- Hui Ka Yan sent a letter to staff on Jan. 1 to boost morale
- Evergrande yet to announce offshore debt-restructuring plans
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China Evergrande Group Chairman Hui Ka Yan vowed to ensure project delivery and debt payment, as the billionaire’s credit crisis drags into the new year.
It’s a crucial year for Evergrande to complete residential projects it pre-sold, Hui said in a Jan. 1 letter to employees, adding that construction has resumed for all of its 732 real estate sites last year.