{"id":121654,"date":"2021-08-25T11:15:12","date_gmt":"2021-08-25T04:15:12","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/troubles-mount-at-evergrande-as-pipe-supplier-threatens-legal-action-over-delayed-payments\/"},"modified":"2021-08-25T13:03:45","modified_gmt":"2021-08-25T06:03:45","slug":"troubles-mount-at-evergrande-as-pipe-supplier-threatens-legal-action-over-delayed-payments","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/troubles-mount-at-evergrande-as-pipe-supplier-threatens-legal-action-over-delayed-payments\/","title":{"rendered":"Troubles mount at Evergrande as pipe supplier threatens legal action over delayed payments"},"content":{"rendered":"


\nDebt-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\u2019s debts present a systemic risk were it to fail and the firm\u2019s 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\u2026
\n
\nSource : South China Morning Post
\nRead more…Troubles mount at Evergrande as pipe supplier threatens legal action over delayed payments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Debt-laden developer China Evergrande Group has failed to pay some overdue bills, piping supplier Yonggao...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121654","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vEa","jetpack-related-posts":[{"id":122130,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/default-by-china-evergrande-unlikely-to-spark-malaise-that-threatens-chinas-financial-system-analysts-say\/","url_meta":{"origin":121654,"position":0},"title":"Default by China Evergrande unlikely to spark malaise that threatens China\u2019s financial system, analysts say","date":"September 21, 2021","format":false,"excerpt":"\r A highly anticipated default by China Evergrande Group as soon as this week is unlikely to spark a broader malaise that threatens the overall stability of China\u2019s financial system in the same way the collapse of investment bank Lehman Brothers did during the global financial crisis in 2008, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-hit-by-a-us2-71-billion-stock-sell-off-threatens-to-sue-lender-as-debt-controversy-turns-ugly\/","url_meta":{"origin":121654,"position":1},"title":"China Evergrande, hit by a US$2.71 billion stock sell-off, threatens to sue lender as debt controversy turns ugly","date":"July 19, 2021","format":false,"excerpt":"\r China Evergrande has threatened to take legal action against a local bank after the lender froze some of its deposits onshore to recover a loan, highlighting another episode of market jitters and controversy surrounding the builder\u2019s creditworthiness.The Shenzhen-based developer, the nation\u2019s most-indebted by some yardsticks, is planning to sue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-details-us127-billion-pile-of-liabilities-as-chinese-developers-debt-unpaid-bills-and-lawsuits-mount\/","url_meta":{"origin":121654,"position":2},"title":"Evergrande details US$127 billion pile of liabilities as Chinese developer\u2019s debt, unpaid bills and lawsuits mount","date":"May 30, 2023","format":false,"excerpt":"\r Overdue debt, unpaid bills, and payments involved in lawsuits have piled up to nearly US$127 billion, the company revealed in a stock-exchange filing.\r \r Source : South China Morning Post\r Read more...Evergrande details US7 billion pile of liabilities as Chinese developer\u2019s debt, unpaid bills and lawsuits mount","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-developers-hit-by-record-downgrades-after-evergrande-crisis\/","url_meta":{"origin":121654,"position":3},"title":"China developers hit by record downgrades after Evergrande crisis","date":"December 22, 2021","format":false,"excerpt":"\r Ratings moves come as turmoil in property sector threatens economic growth\r \r Source : ft.com\r Read more...China developers hit by record downgrades after Evergrande crisis","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-switches-headquarters-building-in-cost-saving-move-as-financial-pressures-mount\/","url_meta":{"origin":121654,"position":4},"title":"China Evergrande switches headquarters building in cost-saving move as financial pressures mount","date":"January 10, 2022","format":false,"excerpt":"\r Heavily indebted developer China Evergrande Group has moved from its previous headquarters in Shenzhen to its own property, in an attempt to save costs as it battles a financial crisis.The company\u2019s logo on the building where it was previously housed was seen being taken down on Monday.\u201cTo save costs,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125591,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-estates-reports-us447-million-loss-for-2021-as-costs-of-china-evergrande-friendship-mount\/","url_meta":{"origin":121654,"position":5},"title":"China Estates reports US$447 million loss for 2021 as costs of China Evergrande friendship mount","date":"March 21, 2022","format":false,"excerpt":"\r Chinese Estates Holdings, a major ally of heavily-indebted Chinese developer China Evergrande Group controlled by the family of fugitive property tycoon Joseph Lau Luen-hung, swung to a loss last year as China\u2019s housing market soured.The Hong Kong developer, chaired by Joseph Lau\u2019s son Lau Ming-wai, 41, reported a loss\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121654"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=121654"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121654\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}