China's Evergrande ordered to repay its property unit $1.8b worth deposit pledges

China's Evergrande ordered to repay its property unit $1.8b worth deposit pledges

FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo

China‘s Evergrande Property Services Group said on Friday a Guangzhou city court has ordered its parent China Evergrande to repay pledge guarantees on deposit certificates totalling 13.4 billion yuan ($1.83 billion).

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