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An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018.
Bobby Yip | Reuters
BEIJING — Indebted property developer China Evergrande’s contracted gross sales plunged final yr as the actual property big struggled to repay collectors.
A submitting Tuesday confirmed the corporate’s contracted gross sales of properties totaled 443.02 billion yuan ($69.22 billion) final yr, down 38.7% from the 723.25 billion yuan in contracted gross sales reported for 2020.
Evergrande stated it utilized for shares to renew buying and selling in Hong Kong at 1 p.m. on Tuesday, in response to the submitting. Buying and selling was halted as of 9 a.m. Monday.
The corporate added it “will proceed to actively keep communication with collectors, attempt to resolve dangers and safeguard the legit rights and pursuits of all events.”
That is breaking information. Please test again for updates.
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