The doom loop continues for Evergrande:
Two more companies said China Evergrande Group failed to pay its bills on time, adding to signs of a cash crunch at the world’s most indebted developer.
Huaibei Mining Holdings Co Ltd. filed a lawsuit against Evergrande in Anhui province, alleging a unit of the company missed payments, according to a filing to the Shanghai stock exchange. The company is demanding about 401 million yuan ($62 million) for fees and breach of contract. Another company, Peace Tree Wood Ltd., said Evergrande missed payments on 2 million yuan of commercial bills.
