Home Business Xu Jiayin succeeded in self-rescue? Evergrande announced the resumption of production and work: to ensure quality and quantity delivery-News-cnBeta.COM

Xu Jiayin succeeded in self-rescue? Evergrande announced the resumption of production and work: to ensure quality and quantity delivery-News-cnBeta.COM

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In recent times, Evergrande Group has encountered an unprecedented crisis, and even faced the fate of a crash. One of the biggest crises is the huge debts.For a long time before this, Evergrande’s company has stopped work and production, but judging from the latest news, Evergrande’s situation seems to have eased recently.

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According to reports, Evergrande Group issued an announcement today that at present, 63 properties under construction in 15 regions of the Pearl River Delta Company in Guangzhou, Foshan, Zhaoqing, Yangjiang, Qingyuan, Huizhou and Heyuan have fully resumed work and production.

Hengda has begun to resume work and production

In the next stage, the company will continue to concentrate its efforts to speed up the challenge and ensure the quality and quantity delivery of real estate.

In addition, as of now, the Shenzhen company’s subsidiaries include more than ten projects in Shenzhen, Dongguan, Jiangmen, Shanwei, Zhuhai, and Zhongshan, and they have fully resumed work and production.

The rapid recovery of Evergrande is also very much related to Xu Jiayin’s own efforts.

According to previous reports, Xu Jiayin has been selling assets in various ways since Evergrande fell into the crisis in an attempt to restore cash flow. Even many properties that are unique to his own name have been sold quickly, which in exchange for a respite.

Xu Jiayin keeps selling assets to save Evergrande

Xu Jiayin also announced the three major strategic decisions of Evergrande to resolve risks and save themselves last month:

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The first is to unswervingly and go all out to realize the resumption of work and production to ensure the delivery of the building;

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.

Do you think Evergrande can recover completely?

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