China's Yonggao hits 19-mth low, vows to sue Evergrande over unpaid bills

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China's Yonggao hits 19-mth low, vows to sue Evergrande over unpaid bills

Reuters2021-08-25

** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since January 2020

** Stock set for biggest daily pct decline since February 2020, and on track for second session of losses

** Debt-laden developer China Evergrande Group has failed to pay some overdue bills, Yonggao 002641.SZ> said, in latest sign of a cash crunch at the teetering builder

** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May

** Evergrande did not immediately respond to a Reuters request for comment

** Shares of China Evergrande fall 2.2% to HK$4.38

** China's blue-chip CSI300 index slips 0.1%

** Hong Kong Hang Seng sub-index tracking property firms eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks slips 0.01%

** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%

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BullishKing
·2021-08-25
Aiyo...
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GucciBoy
·2021-08-25
Follow me for free trade updates and analysis daily!
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gstrader
·2021-08-25
Nice
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  nice
  2021-08-25
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Jacjacjacjac
·2021-08-25
Good
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said, in latest sign of a cash crunch at the teetering builder</p>\n<p>** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May</p>\n<p>** Evergrande did not immediately respond to a Reuters request for comment</p>\n<p>** Shares of China Evergrande fall 2.2% to HK$4.38</p>\n<p>** China's blue-chip CSI300 index slips 0.1%</p>\n<p>** Hong Kong Hang Seng sub-index tracking property firms&nbsp;eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks&nbsp;slips 0.01%</p>\n<p>** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162039529","content_text":"** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since January 2020\n** Stock set for biggest daily pct decline since February 2020, and on track for second session of losses\n** Debt-laden developer China Evergrande Group has failed to pay some overdue bills, Yonggao 002641.SZ> said, in latest sign of a cash crunch at the teetering builder\n** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; 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said, in latest sign of a cash crunch at the teetering builder</p>\n<p>** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May</p>\n<p>** Evergrande did not immediately respond to a Reuters request for comment</p>\n<p>** Shares of China Evergrande fall 2.2% to HK$4.38</p>\n<p>** China's blue-chip CSI300 index slips 0.1%</p>\n<p>** Hong Kong Hang Seng sub-index tracking property firms&nbsp;eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks&nbsp;slips 0.01%</p>\n<p>** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Yonggao hits 19-mth low, vows to sue Evergrande over unpaid bills</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Yonggao hits 19-mth low, vows to sue Evergrande over unpaid bills\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-25 13:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since January 2020</p>\n<p>** Stock set for biggest daily pct decline since February 2020, and on track for second session of losses</p>\n<p>** Debt-laden developer <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> has failed to pay some overdue bills, Yonggao 002641.SZ&gt; said, in latest sign of a cash crunch at the teetering builder</p>\n<p>** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May</p>\n<p>** Evergrande did not immediately respond to a Reuters request for comment</p>\n<p>** Shares of China Evergrande fall 2.2% to HK$4.38</p>\n<p>** China's blue-chip CSI300 index slips 0.1%</p>\n<p>** Hong Kong Hang Seng sub-index tracking property firms&nbsp;eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks&nbsp;slips 0.01%</p>\n<p>** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162039529","content_text":"** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since January 2020\n** Stock set for biggest daily pct decline since February 2020, and on track for second session of losses\n** Debt-laden developer China Evergrande Group has failed to pay some overdue bills, Yonggao 002641.SZ> said, in latest sign of a cash crunch at the teetering builder\n** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May\n** Evergrande did not immediately respond to a Reuters request for comment\n** Shares of China Evergrande fall 2.2% to HK$4.38\n** China's blue-chip CSI300 index slips 0.1%\n** Hong Kong Hang Seng sub-index tracking property firms eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks slips 0.01%\n** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":837177461,"gmtCreate":1629869689353,"gmtModify":1676530157516,"author":{"id":"4089071665449880","authorId":"4089071665449880","name":"gstrader","avatar":"https://static.tigerbbs.com/bc1dc8a3139d4e25f88ab3d2add3f335","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089071665449880","authorIdStr":"4089071665449880"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/837177461","repostId":2162039529,"repostType":4,"repost":{"id":"2162039529","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1629868516,"share":"https://ttm.financial/m/news/2162039529?lang=&edition=fundamental","pubTime":"2021-08-25 13:15","market":"hk","language":"en","title":"China's Yonggao hits 19-mth low, vows to sue Evergrande over unpaid bills","url":"https://stock-news.laohu8.com/highlight/detail?id=2162039529","media":"Reuters","summary":"** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since Jan","content":"<p>** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since January 2020</p>\n<p>** Stock set for biggest daily pct decline since February 2020, and on track for second session of losses</p>\n<p>** Debt-laden developer <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> has failed to pay some overdue bills, Yonggao 002641.SZ&gt; said, in latest sign of a cash crunch at the teetering builder</p>\n<p>** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May</p>\n<p>** Evergrande did not immediately respond to a Reuters request for comment</p>\n<p>** Shares of China Evergrande fall 2.2% to HK$4.38</p>\n<p>** China's blue-chip CSI300 index slips 0.1%</p>\n<p>** Hong Kong Hang Seng sub-index tracking property firms&nbsp;eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks&nbsp;slips 0.01%</p>\n<p>** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Yonggao hits 19-mth low, vows to sue Evergrande over unpaid bills</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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said, in latest sign of a cash crunch at the teetering builder</p>\n<p>** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May</p>\n<p>** Evergrande did not immediately respond to a Reuters request for comment</p>\n<p>** Shares of China Evergrande fall 2.2% to HK$4.38</p>\n<p>** China's blue-chip CSI300 index slips 0.1%</p>\n<p>** Hong Kong Hang Seng sub-index tracking property firms&nbsp;eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks&nbsp;slips 0.01%</p>\n<p>** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162039529","content_text":"** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since January 2020\n** Stock set for biggest daily pct decline since February 2020, and on track for second session of losses\n** Debt-laden developer China Evergrande Group has failed to pay some overdue bills, Yonggao 002641.SZ> said, in latest sign of a cash crunch at the teetering builder\n** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May\n** Evergrande did not immediately respond to a Reuters request for comment\n** Shares of China Evergrande fall 2.2% to HK$4.38\n** China's blue-chip CSI300 index slips 0.1%\n** Hong Kong Hang Seng sub-index tracking property firms eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks slips 0.01%\n** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5642403,"gmtCreate":1629870473507,"gmtModify":1663232885244,"authorId":4088599389256890,"author":{"id":4088599389256890,"idStr":"4088599389256890","authorId":4088599389256890,"name":"Andersonkana","avatar":"https://static.tigerbbs.com/21e08c99709245ba5acdcf7245d9c40f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":837177461,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":837176041,"gmtCreate":1629869272683,"gmtModify":1676530157414,"author":{"id":"3575020360100013","authorId":"3575020360100013","name":"Jacjacjacjac","avatar":"https://static.tigerbbs.com/6407ac926adff6fe15f2b6904fd16fef","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":1,"crmLevelSwitch":0,"idStr":"3575020360100013","authorIdStr":"3575020360100013"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837176041","repostId":2162039529,"repostType":4,"repost":{"id":"2162039529","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1629868516,"share":"https://ttm.financial/m/news/2162039529?lang=&edition=fundamental","pubTime":"2021-08-25 13:15","market":"hk","language":"en","title":"China's Yonggao hits 19-mth low, vows to sue Evergrande over unpaid bills","url":"https://stock-news.laohu8.com/highlight/detail?id=2162039529","media":"Reuters","summary":"** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since Jan","content":"<p>** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since January 2020</p>\n<p>** Stock set for biggest daily pct decline since February 2020, and on track for second session of losses</p>\n<p>** Debt-laden developer <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> has failed to pay some overdue bills, Yonggao 002641.SZ&gt; said, in latest sign of a cash crunch at the teetering builder</p>\n<p>** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May</p>\n<p>** Evergrande did not immediately respond to a Reuters request for comment</p>\n<p>** Shares of China Evergrande fall 2.2% to HK$4.38</p>\n<p>** China's blue-chip CSI300 index slips 0.1%</p>\n<p>** Hong Kong Hang Seng sub-index tracking property firms&nbsp;eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks&nbsp;slips 0.01%</p>\n<p>** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Yonggao hits 19-mth low, vows to sue Evergrande over unpaid bills</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Yonggao hits 19-mth low, vows to sue Evergrande over unpaid bills\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-25 13:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since January 2020</p>\n<p>** Stock set for biggest daily pct decline since February 2020, and on track for second session of losses</p>\n<p>** Debt-laden developer <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> has failed to pay some overdue bills, Yonggao 002641.SZ&gt; said, in latest sign of a cash crunch at the teetering builder</p>\n<p>** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May</p>\n<p>** Evergrande did not immediately respond to a Reuters request for comment</p>\n<p>** Shares of China Evergrande fall 2.2% to HK$4.38</p>\n<p>** China's blue-chip CSI300 index slips 0.1%</p>\n<p>** Hong Kong Hang Seng sub-index tracking property firms&nbsp;eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks&nbsp;slips 0.01%</p>\n<p>** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162039529","content_text":"** Shares of Shenzhen-listed piping supplier fall as much as 9.9% to 5.09 yuan, the lowest since January 2020\n** Stock set for biggest daily pct decline since February 2020, and on track for second session of losses\n** Debt-laden developer China Evergrande Group has failed to pay some overdue bills, Yonggao 002641.SZ> said, in latest sign of a cash crunch at the teetering builder\n** In an exchange filing, Yonggao said it is owed 478 mln yuan ($73.8 mln) in commercial bills, of which 195 mln yuan is overdue; it added it could sue the developer and has stopped deliveries since May\n** Evergrande did not immediately respond to a Reuters request for comment\n** Shares of China Evergrande fall 2.2% to HK$4.38\n** China's blue-chip CSI300 index slips 0.1%\n** Hong Kong Hang Seng sub-index tracking property firms eases 0.4% and Hang Seng Composite Index tracking properties and construction stocks slips 0.01%\n** Hang Seng China Enterprises Index declines 0.6% and benchmark index slides 0.4%","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":54,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}