China property giant Evergrande assures investors, customers amid reports of financial woes

With 1.95 trillion yuan in liabilities, Evergrande is the world's most indebted real estate company. PHOTO: BLOOMBERG
New: Gift this subscriber-only story to your friends and family

BEIJING - Evergrande Group, the second largest property developer in China, has sought to assure customers and investors that it is business as usual, following recent news reports that the company is in deep financial woes.

On Monday (June 7), the group posted on its website that it had offered discounts on some of its projects as part of an annual promotion.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.