on 11 august, the CCH(碧桂园) issued a apologized letter from chairman of board of directors and president.
The management issued apology that first half 2023 it will appear large loss and suffered from pressure of cash flow.
At the same time, the company will persist doesn't lying down. it will try to the best with delivering the house to the client.
Since the Henda was fallen, all of the estate development company was facing the hight pressure with cash flow and too much small or medium estate development company was bankrupt. It will deep impact on Chinese economy.