China Evergrande reveals 1,931 lawsuits worth $60 billion, issues warning to investors
Embattled Chinese developer China Evergrande has warned investors to “exercise caution” as it revealed the true extent of the crisis facing one of its units. Hengda Real Estate, a principal subsidiary of Evergrande, says it had a total of 1,931 pending litigation cases as of the end of July 2023. …