HONG KONG—An investor in China Evergrande Group unit Fangchebao said on Monday it had filed a winding-up petition against the embattled property developer in Hong Kong because it had not honored an agreement to repurchase shares the investor bought in FCB.
It is the first winding-up petition known to have been filed against Evergrande, which is reeling under more than $300 billion in liabilities and whose offshore debt was deemed to be in default after missing payment obligations late last year.
