Country Garden Very Confident of Repairing Balance Sheet, Says Chair

(Bloomberg) — Yang Huiyan, chair of Country Garden Holdings Co. Ltd., says she is “very confident” the company can repair its balance sheet and pledged the founding family’s support for the ailing Chinese property giant.

The path is “very clear and can be achieved,” billionaire Yang said at a monthly management meeting held Friday, according to a statement on the developer’s WeChat account. Country Garden “will strive to become a model for the quick recovery” of distressed companies, she added.