HONG KONG -- China Evergrande Group has been sued by a state-owned construction company over nonpayment of 401 million yuan ($62 million), underscoring the liquidity crunch at the world's most indebted property developer.
Huaibei Mining Holdings, which is majority-owned by Anhui Province's state-owned Assets Supervision and Administration Commission, said on Thursday it had filed a lawsuit on July 26, claiming the outstanding bill and penalties from a unit of Evergrande.
