Pipe producer Yonggao says may take action against China Evergrande over unpaid bills

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Yonggao in an exchange filing said it has receivables worth 478 million yuan ($73.87 million) owed by Evergrande, of which 195 million yuan of commercial bills are overdue.

The company said it has suspended all supplies of products to Evergrande since May 1.

($1 = 6.4710 yuan)