Evergrande: a lot more debts and creditors to handle

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China Reports - The BL
Published at : 25 Dec 2021

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According to a December 20th Epoch Times report, Evergrande has not paid their suppliers and other involved subsidiaries a total sum of 1.3 million Yuan, approximately 206 million US$.
Evergrande has confirmed their credit and issues invoices to their creditors.

Beijing Jiayu Co., Ltd. is a strategic partner of Evergrande Group.
The company and several of its subsidiaries supply and install the entire building's facilities, including door, window system, and curtains for Evergrande Group's projects.
According to Jiayu 's announcement, due to Evergrande's current finance,
Jiayu will move past-due Evergrande's payment into a future payable account. At the same time, a provision for bad debts has been made accordingly.
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