Two More Suppliers Say Payments Are Overdue From Indebted Evergrande
Two More Suppliers Say Payments Are Overdue From Indebted Evergrande By Reuters HONG KONG—Advertising firm Leo Group said it is applying to a Chinese court to freeze $356 million yuan ($55.06 million) in assets of Evergrande Group for overdue payments, the latest supplier to sue the indebted property developer. Leo’s lawsuit disclosed in a securities filing late on Monday comes after Huaibei Mining Holdings said last week its construction unit is suing Evergrande over an overdue $400 million yuan in fees. And Langfang Development said last week a court has ordered Evergrande’s shares in...
Source: theepochtimes.com