HONG KONG: An investor has filed a petition to a court in China to liquidate a major unit of the heavily indebted property developer China Evergrande, according to a stock filing by the petitioner on Wednesday.
The investor - Vanward, a Shenzhen-listed electric appliance manufacturer - cited a dispute with the Evergrande unit Guangzhou Kailong Real Estate over an investment worth 200 million yuan ($27.9 million).
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