HONG KONG—Two Hong Kong property agencies are suing heavily indebted China Evergrande Group over unpaid commissions, according to a court filing and media reports, piling pressure on the developer as it scrambles to raise funds and avert a collapse. Centaline filed a suit against Evergrande in September to recover HK$3.1 million ($398,196) in overdue commissions, a court filing showed, while the South China Morning Post newspaper reported Midland Holdings is claiming unpaid commission of HK$43.45 million for two developments in Hong Kong. An executive at Centaline China told Reuters they have also filed a suit against Evergrande in a Guangzhou court in southern China, seeking to claim hundreds of millions of yuan it says it is due. Centaline confirmed to Reuters it filed a claim in Hong Kong last month, but declined to comment further. Midland declined to comment, saying the case was going through legal procedures. Evergrande did not …
RSS Feed | The Epoch Times