Reuters exclusively reports unpaid by Evergrande, supplier sells Porsche and home - Reuters News Agency
Business & Finance

Reuters exclusively reports unpaid by Evergrande, supplier sells Porsche and home

Reuters reported exclusively how Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. In the meantime, the 50-year-old known by friends and colleagues as “Brother Hui”, has sold his Porsche Cayenne and put his apartment on the market in a scramble to raise cash to pay debts and wages.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Guo Hui, whose cleaning business is owed money by China Evergrande Group, smokes a cigarette as he looks at his Porsche Cayenne he is selling to pay his debts, at a car dealership in Guangzhou, Guangdong province, China September 27, 2021. Picture taken September 27, 2021. REUTERS/Aly Song
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