ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China debt crunch

Evergrande sued by China state-owned builder over $62m bill

Indebted developer abandoned plans this week for special dividend

Evergrande has been fending off concerns over its financial health since March 2020.   © AP

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more