China Evergrande faces winding-up lawsuit in Hong Kong

China Evergrande faces winding-up lawsuit in Hong Kong

Beijing, China. Photo by zhang kaiyv on Unsplash

An investor in China Evergrande Group unit Fangchebao said on Monday it had filed a windingup petition against the embattled property developer in Hong Kong because it had not honoured an agreement to repurchase shares the investor bought in FCB.