Evergrande founder sells off personal assets, raising $1.1 billion for company use
许家印变卖个人资产，为恒大“续命”70亿
11月16日，第一财经从接近恒大的资本圈知情人士处获悉，从7月1日至今，为了维持集团流动性，许家印已透过变卖个人资产或质押股权等方式筹集资金，累计已向集团注入超70亿现金，维持庞大的恒大帝国的基本运营。在此期间，恒大没有融资、销售停摆，但要保证恒大财富每月10%的兑付、总部员工发薪、境内外债券付息，推动全国各地项目复工复产。
Xu Jiayin, or Hui Ka Yan, founder of cash-strapped property giant China Evergrande Group, is reportedly to have raised funds by selling off personal assets and his holdings of equities, to pay back bond coupons and maintain basic operations of Evergrande, financial media cls.cn reported on Tuesday, citing sources close to Evergrande’s capital circle.
