China Evergrande ordered to repay its property unit $1.8 billion worth deposit pledges

© Reuters. FILE PHOTO: An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. REUTERS/Florence Lo/File Photo

(Reuters) – China’s Evergrande Property Services Group (HK:6666) said on Friday a Guangzhou city court has ordered its parent China Evergrande (HK:3333) to repay pledge guarantees on deposit certificates worth 13.4 billion yuan ($1.83 billion).

($1 = 7.3316 Chinese yuan renminbi)

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