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Evergrande Supplier Sues as Reports of Overdue Payments Rise

  • Mining company says Evergrande unit missed bill payments
  • Chinese lumber firm also complains of overdue commercial bills
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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.