Evergrande’s founder repeats pledge to complete homes for buyers as he rallies staff to step up to turn around world’s most indebted developer

Dec 27, 2021 | INVESTING

Hui Ka-yan, the founder and chairman of heavily-indebted developer China Evergrande Group, is trying to rally his employees and deliver more homes as the year comes to a close.At a weekly meeting with company executives on Sunday, the 63-year-old billionaire said all employees will be required to not “lie flat” – a buzzword in China that means giving up or doing nothing – and pledge to a quickened pace of home construction and sales, so that the developer could repay all its debt.“As long as we…

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