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China Evergrande gets court notice regarding unit's $280 million recovery claim

Summary by Ground News
China Evergrande Group said on Tuesday it received notices from court of Guangdong Province over a claim by a unit. The proceedings brought by unit Jinbi Property Management Company are related to the enforcement of EverGrande Property Services' deposit pledge of about 13.4 billion yuan.

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China Evergrande gets court notice regarding unit's $280 million recovery claim

:China Evergrande Group said on Tuesday it received notices from court of Guangdong Province over a claim by a unit of Evergrande Property Services for the recovery of about 2 billion yuan ($280 million) in deposit certificate pledge guarantees.The proceedings brought by unit Jinbi Property Management Company

·Singapore
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Channel News Asia broke the news in Singapore on Tuesday, December 5, 2023.
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