China Evergrande has 39% drop in contracted sales for 2021

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China Evergrande said on Tuesday (4) that its contracted sales declined 39% in 2021, to 443.02 billion yuan (US$ 69.7 billion).

The result was well below the target of 750 billion yuan by the Chinese real estate giant, which has been struggling financially for months.

In a statement to the Hong Kong Stock Exchange, Evergrande also said it had received an order from authorities in Danzhou, Hainan province, to demolish 39 buildings for a local project.

On its liquidity issues, Evergrande said it will “actively communicate with creditors, strive to overcome risks and safeguard the legitimate rights and interests of all parties.”

Suspended yesterday, trading with Evergrande shares in Hong Kong resumed after the release of the statement. The role closed up 1.26% on Tuesday.

Reference: CNN Brasil

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