Xi’an Weineng Commerce and Trade has filed a bankruptcy petition against Hengda Real Estate Xi’an Co., Ltd to the Xi’an Intermediate People’s Court in Shaanxi Province, according to the information on the National Enterprise Bankruptcy Information Disclosure Platform.
Hengda Real Estate Xi’an Co. Ltd was established in September 2007, with a registered capital of about 117 million yuan. Hengda Real Estate, a subsidiary of embattled China Evergrande Group, holds a 90% stake in the company, while the rest is held by Guangzhou Xinyuan Investment.