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Evergrande Crisis: Centaline Property Agency plans further legal action against embattled developer’s Hong Kong subsidiary to recoup ‘unpaid commission’


Hong Kong’s biggest property sales agency plans to take further legal action against a subsidiary of China Evergrande Group to recoup “unpaid commission” from the troubled developer.Centaline Property Agency said it will apply through the courts to chase HK$113 million (US$14.5 million) it claims it is owed by Evergrande’s Hong Kong unit.The fees applied to 520 units of the Emerald Bay residential project in Tuen Mun accrued by more than 560 agents, Centaline said in an emailed statement on…

Source : South China Morning Post
Read more…Evergrande Crisis: Centaline Property Agency plans further legal action against embattled developer’s Hong Kong subsidiary to recoup ‘unpaid commission’

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