China Evergrande faces winding-up lawsuit for not fulfilling $110m deal obligation

China Evergrande faces winding-up lawsuit for not fulfilling $110m deal obligation

Photo by Bill Oxford on Unsplash

China Evergrande Group said on Tuesday a winding-up petition was filed against it by investment holding firm Top Shine Global Ltd in Hong Kong for not fulfilling a financial obligation of HK$862.5 million ($109.91 million).