BEIJING – Embattled Chinese firm Evergrande will deliver almost four times the number of housing units to buyers in December than in the previous three months, its chairman said, as the real estate behemoth grapples with massive debts.
Evergrande — drowning in $300 billion in liabilities — has struggled to repay bondholders and investors after becoming ensnared in Beijing’s deleveraging crackdown on the bloated property sector.
But the group — which officially defaulted on a major bond payment this month — has insisted it will be able to complete tens of thousands of units and pay off some debts.
“Since the company’s troubles began, we delivered fewer…
