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FinanceChina Evergrande says contracted sales dropped 38.7% in 2021

China Evergrande says contracted sales dropped 38.7% in 2021

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 sales plunged final yr as the actual property big struggled to repay collectors.

A submitting Tuesday confirmed the corporate’s contracted sales of properties totaled 443.02 billion yuan ($69.22 billion) final yr, down 38.7% from the 723.25 billion yuan in contracted 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. Trading was halted as of 9 a.m. Monday.

The firm added it “will continue to actively maintain communication with creditors, strive to resolve risks and safeguard the legitimate rights and interests of all parties.”

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