Evergrande investor says files lawsuit for non-repurchase of unit shares

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Top Shine filed the petition on Friday, a record at the Hong Kong High Court showed.

Fangchebao is a Chinese online real estate and automobile marketplace owned by Evergrande. The unit was planning an IPO in Hong Kong.

Top Shine has requested that Evergrande honour its agreement to repurchase the shares, the executive told Reuters on Monday, declining to be named due to the sensitivity of the matter.