Original title: Xu Jiayin: Evergrande wants to fully implement existing building sales to reduce sales scale
On October 22, Xu Jiayin revealed at the Evergrande Group’s resumption of work and production conference that all the buildings or projects that Evergrande has not pre-sold will be sold on site in the future. At the meeting, Xu Jiayin announced three major strategic decisions for Evergrande to resolve risks and self-rescue: one is to unswervingly and go all out to realize the resumption of work and production to ensure delivery; the second is to fully implement existing building sales and drastically reduce the scale of real estate development and construction; The third is to realize the transformation from the real estate industry to the new energy automobile industry within 10 years. “Resumption of work and production to ensure delivery” is Evergrande’s current top priority. Xu Jiayin emphasized that only by resuming work and production, and resuming sales and operations, can the property be delivered to the owner with guaranteed quality and quantity, and the payment of commercial invoices from upstream and downstream partners can be resolved. Only by completing the redemption of wealth products can the loans of financial institutions be gradually returned. In response to industrial adjustment and transformation, Xu Jiayin said that Evergrande will fully implement existing building sales in the future. The sales scale of real estate will drop from more than 700 billion last year to about 200 billion a year within 10 years. Industrial transformation of new energy vehicles. This means that in the future, Evergrande will form an industrial pattern with new energy vehicles as the mainstay and real estate as the supplement. (Securities Times)
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