Evergrande faces fresh calls for legal action after $2.1bn seized by undisclosed lenders - reports

clock • 2 min read
Evergrande faces fresh calls for legal action after $2.1bn seized by undisclosed lenders - reports

Embattled Chinese property developer Evergrande is facing fresh calls for legal action after keeping investors in the dark after over $2.1bn in deposits at its property services unit was claimed by undisclosed lenders, the FT reported on Wednesday (23 March). A group of bondholders has threatened to sue Evergrande, the world's most indebted company, with around $300bn in total liabilities. A source directly involved with the situation reportedly said plans for legal action were already prepared....

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