Debt-laden developer China Evergrande Group has failed to pay some overdue bills, piping supplier Yonggao said, in the latest sign of a cash crunch at the teetering home builder.Financial markets are worried that the size of Evergrande’s debts present a systemic risk were it to fail and the firm’s executives last week were issued a rare warning from regulators to get their house in order.Yonggao now joins a handful of suppliers to threaten or launch legal action over missed or late payments.In…
Source : South China Morning Post
Read more…Troubles mount at Evergrande as pipe supplier threatens legal action over delayed payments















