Evergrande is buying some time to restore some of its affected projects soon after paying an interest to offshore bondholders last week. Photo: Reuters
Evergrande is buying some time to restore some of its affected projects soon after paying an interest to offshore bondholders last week. Photo: Reuters

Evergrande crisis: work resumes on 10 projects as developer restores calm, buys time to repay more creditors

  • Company says in WeChat post that projects in six mainland cities have restarted and pledges to fulfil its responsibility to homebuyers
  • Homebuyers, creditors may have seen ‘a ray of hope’ but Evergrande faces more repayment tests ahead, consultant says

Evergrande is buying some time to restore some of its affected projects soon after paying an interest to offshore bondholders last week. Photo: Reuters
Evergrande is buying some time to restore some of its affected projects soon after paying an interest to offshore bondholders last week. Photo: Reuters
READ FULL ARTICLE