Beijing: China Evergrande Group said on Sunday it had continued work on more than 10 projects in Shenzhen, Dongguan and other cities – a statement that appeared after it appeared to prevent the default with the last minute bond coupon payment.
Evergrande, who has a $ 300 billion obligation, said in a post on his WeChat account that several projects have entered the interior decoration stage while other buildings have just finished construction.
It added that its efforts to ensure construction will sustain market trust.
This report includes several photo worker photos on various projects, labeled with time and date.
Last week’s trip to pay $ 83.5 million in the US dollar bond had bought Evergrande this week to wrestle with a debt crisis that towered above the second largest economy in the world.
The property developer also announced on Friday to give future priorities to its electrical business on real estate.
Evergrande’s misery has echoed across the China $ 5 trillion property sector, which accounted for a quarter of the economy by several metrics, with a series of default announcements, a decrease in rating and corporate bonds that slipped.
The debt crisis is also widely watched by the global financial market concerned about broader transmission.
Evergrande said the resume worked on more than 10 projects
