Debt-laden Evergrande gets enforcement notice for $4.48bn

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Shengjing Bank says it provided the loans to the Chinese property behemoth in 2020 and 2021

A vessel travels past some buildings developed by China Evergrande, in Danzhou, Hainan province, China, January 7 2022. Picture: ALY SONG/ REUTERS

The bank said it failed to recover funds totalling 32.595-billion yuan , which was provided to the unit from 2020 to 2021, according to Evergrande.

 

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