HONG KONG : A local government in China's Anhui province cancelled its contract of land site use with a subsidiary of China Evergrande Group because the latter failed to make payment for the site, it said in a notice on Wednesday.
The Land Reserve Center of Anqing City said in a brief notice that relevant creditors of the land site should register with authorities within five working days or consider their creditors rights waived.
A statement posted on the Natural Resources and Planning Bureau of Anqing city in April 2020 said that a park, 19 residential buildings, and four commercial buildings were planned to be built on the 116,905 square meter land site.
(Reporting by Meg Shen and Brenda Goh. Editing by Jane Merriman)