China Evergrande, the country’s biggest property developer by sales, is confident of achieving its sales target even as the group faces its biggest financial challenge after profit slumped on impact from the Covid-19 outbreak. It will focus on paring its debt burden.The developer posted a 24 per cent gain in contracted sales to 348.8 billion yuan (US$50.9 billion) this year through June, according to data published on Monday, along with an interim report showing a 56 per cent year on year slump…
Source : South China Morning Post
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