Hui Ka-yan, one of China’s wealthiest tycoons and chairman of the world’s most indebted real estate developer, made his first public appearance since July to assure the public that China Evergrande Group was able to complete its property projects.Hui, also known as Xu Jiayin in mainland China, appeared in the centre of a photograph with Evergrande’s senior executives, where eight vice-presidents signed a guarantee to deliver the company’s projects to customers, according to a September 1 blog…
Source : South China Morning Post
Read more…Tycoon makes executives sign pledges to assure buyers that Evergrande can deliver homes even with US5 billion of debt
