Signage for the China Evergrande Group outside the Royal Peak residential development in Beijing. Photo: Bloomberg
Signage for the China Evergrande Group outside the Royal Peak residential development in Beijing. Photo: Bloomberg

China Evergrande: crisis crimps home sales to 7 per cent of annual takings while creditors await repayment

  • Evergrande generated 29.12 billion yuan (US$4.2 billion) in sales from January to November, less than 7 per cent of its pre-crisis takings
  • Developer fends off creditors again as a long-awaited debt workout plan remains elusive because of a wide difference between assets and recovery value

Signage for the China Evergrande Group outside the Royal Peak residential development in Beijing. Photo: Bloomberg
Signage for the China Evergrande Group outside the Royal Peak residential development in Beijing. Photo: Bloomberg
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