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.
Originally from Sichuan province, Guo founded his cleaning business, called Feiyun, more than two decades ago. Feiyun provides cleaning and repair services for Evergrande apartments in Guangdong province, ensuring that new builds are clean before being shown to prospective buyers. "They worked day and night for us. I'm doing my best to pay them from loans I've taken out, but I can only manage a third or fourth of it. We still owe them about 2 million yuan," said Hui, referring to staff arrears on three different projects.
Beijing has been largely quiet on the Evergrande situation, which has rattled global markets and left investors as well as hundreds of thousands buyers of unfinished apartments facing uncertainty, triggering protests at Evergrande offices this month.
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