Property News · March 26, 2018

Evergrande sets sights on US$127.4b annual sales by 2020


China Evergrande, the Guangzhou-based developer, is aiming to ratchet up its annual sales to 800 billion yuan (US$127.4 billion) by 2020, from 550 billion yuan in projected sales for this year.
The country’s third-largest developer by sales value shifted its goalposts early last year more towards profitability and cutting debt.
“We are striving for annual sales of 800 billion yuan and total assets of 3 trillion yuan by 2020,” its chairman Hui Ka-Yan told a media briefing on…

Source : South China Morning Post
Read more…Evergrande sets sights on US7.4b annual sales by 2020

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