According to Blue Whale Finance, Te Qu Jian Fa has been formally sued by chinasouthcity creditors due to being involved in the chinasouthcity debt default incident. The relevant subpoena was issued by the Hong Kong High Court on June 3. According to documents obtained by reporters, the plaintiff in the above lawsuit is Citigroup International. According to related investors, 'Because Citigroup International is the bond trustee, it can represent most investors, and this also declares that some investors of chinasouthcity have sued Te Qu Jian Fa.' 'The reason for the lawsuit is that, as the major shareholder of chinasouthcity, Te Qu Jian Fa failed to fulfill the 'maintenance agreement' and hopes to recover the debt through litigation,' the above investors said.
因卷入债务违约事件，深圳国企特区建发已被华南城债权人正式起诉
Due to being involved in a debt default incident, Shenzhen state-owned enterprise Te Qu Jian Fa has been formally sued by chinasouthcity creditors.
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