GUANGZHOU -- Evergrande Property Services, a listed subsidiary of debt-ridden developer China Evergrande Group, has started legal proceedings against its parent to recover assets seized by banks.
Property
China Evergrande subsidiary sues parent to recover seized assets
Lawsuit against debt-ridden developer could affect liquidation hearing
Evergrande Property Services is requesting an initial 2 billion yuan from parent China Evergrande. © Reuters
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