Crisis-hit Chinese property giant Evergrande says that one of its subsidiaries has been ordered to pay out 7.3bn yuan (£888.7m; $1.08bn) for failing to honour its debt obligations.
Evergrande Group (Nanchang) Co. Ltd must make the payment to a guarantor of its liabilities, the firm says.
It came just two days after it outlined plans to restructure its foreign debts.
However, some commentators criticised the restructuring proposal for its lack of concrete details.
On Sunday, in a statement…
