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Troubled China Evergrande pledges to repay debts in 2023 | Business

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China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown on excessive borrowing and rampant speculation in the real estate sector. | News24_Business

In an email seen by AFP, chairman Hui Ka Yan told staff that"2023 is a key year for Evergrande to fulfill its corporate responsibility and do everything in its power to ensure the delivery of construction projects".

The company last year resumed work on 732 construction sites and delivered 301 000 residential units to homebuyers, the message said.

 

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