Two More Suppliers Say Payments Are Overdue From Indebted Evergrande

Two More Suppliers Say Payments Are Overdue From Indebted Evergrande
A logo of China Evergrande Group is displayed at a news conference on the property developer's annual results in Hong Kong, China March 28, 2017. Bobby Yip/File Photo/Reuters
Reuters
Updated:

HONG KONG—Advertising firm Leo Group said it is applying to a Chinese court to freeze $356 million yuan ($55.06 million) in assets of Evergrande Group for overdue payments, the latest supplier to sue the indebted property developer.

Leo’s lawsuit disclosed in a securities filing late on Monday comes after Huaibei Mining Holdings said last week its construction unit is suing Evergrande over an overdue $400 million yuan in fees.