Anonymous ID: 8d09c4 Feb. 18, 2022, 11:29 a.m. No.15659047   🗄️.is 🔗kun   >>9315 >>9387 >>9424 >>9517 >>9606 >>9710

China Courts Freeze $157 Million of Evergrande Assets Over Missed Construction Payments

HONG KONG—A Chinese court has ordered the freezing of 640.4 million yuan ($101 million) in assets held by a subsidiary of China Evergrande Group, according to a filing by contractor Shanghai Construction Group.

 

State-owned Shanghai Construction, which sued the Evergrande unit in the southwestern city of Chengdu in December for overdue construction fees, cited the Guangzhou Intermediate Court ruling that the assets to be frozen will include bank deposits and real estate.

https://www.ntd.com/china-courts-freeze-157-million-of-evergrande-assets-over-missed-construction-payments_741367.html