(Bloomberg) — Yang Huiyan, chairman of Country Garden Holdings Co. Ltd.she says she is “very confident” that the company can repair its balance sheet and has pledged the support of the founding family for the ailing Chinese property giant.
The path is “very clear and can be achieved,” billionaire Yang said at a monthly management meeting held on Friday, according to a statement on the developer’s WeChat account. Country Garden will “strive to become a model for the rapid recovery” of troubled companies, he added.
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