Comprehensive source: Civil Engineering Forum * * * the attached chart is from Guangzhou intermediate people’s court * * * if you have any questions, please contact us online.
▲ in 2018, China Construction Fifth Engineering Bureau signed the “largest order” of Evergrande real estate, and now it has become the “first Tiankeng”.
It is reported that CSCEC will start a comprehensive lawsuit against China Evergrande.
▍ attachment: Guangzhou intermediate people’s court’s acceptance of cases of Evergrande Department -.
If Evergrande’s debt crisis continues to deteriorate, it is reasonable for CSCEC to sue Evergrande in order to preserve its assets.
It has grasped a large number of Evergrande projects under construction, which has a great impact.
It can be seen that the supply chain financing scale of Evergrande group is huge.
CSCEC has very intensive business contacts with Evergrande group, and Evergrande loves CSCEC in the selection of general contractors.
For example, it is rumored that CSCEC has a receivable of Evergrande of 40 billion.
In November, China Construction Fifth Engineering Bureau sued China Evergrande for construction contract disputes; In 2018, Henan Company of China Construction Fifth Engineering Bureau signed the first order of Evergrande real estate with an area of 4 million square meters, which has become the “first pit” now.
It was not found in CSCEC’s announcement that if Evergrande group is declared bankrupt, it will be at a disadvantage according to the order of debt repayment; At that time, the general contractor will face huge losses.
It is a strategic partnership with secondary companies such as China Construction Third Engineering Bureau, China Construction Fifth Engineering Bureau and China Construction Fourth Engineering Bureau.
In the financial report, there is also a large central enterprise construction company, which did not disclose the accounts receivable of Evergrande.
▲ in 2021, most strategic partners of Netcom reported that Evergrande group had a total of 955.1 billion yuan of trade and other payables, accounting for about 50% of its total liabilities.
CSCEC has many receivables of Evergrande that cannot be cashed.
The following table is a list of Evergrande’s series of cases as of December 9, in which CSCEC accounted for more than 50 construction contract disputes, and the fifth Bureau of CSCEC was the most involved.
