(Reuters) Evergrande has restarted more than 10 stalled projects in six cities as it shook off a debt crisis after a last-minute bond coupon payment last week.
Through a Wechat account, Evergrande said several projects had resumed, with some entering the interior decoration stage while others had construction work completed recently.
The embattled property developer expects the resumption of work to inspire market confidence even as it battles more than $300 billion in debt.
Evergrande also assured potential property buyers last month that it will complete construction activity, with work on one of the biggest soccer stadiums in the world in the southern city of Guangzhou continuing.
The property developer paid about $83.5 million interest on a US-dollar bond to reassure markets.
Evergrande plans to prioritize the electric vehicle business in the future over real estate, with the challenges in its core business seen to fuel the move.
3333: HKG is down -074%.
