Home » Business » Shenzhen Centaline Feedback Commission: Developers Owed Over 1 Billion Yuan in Commissions

Shenzhen Centaline Feedback Commission: Developers Owed Over 1 Billion Yuan in Commissions

A document titled “Notice on Issues Concerning Shenzhen Centaline Feedback Commission Advance Payment” was circulated on the Internet, in which it was mentioned that developers such as Kaisa, Evergrande, Baoneng, Shimao, and Logan owed more than 1 billion yuan in commissions. Liu Tianyang, chief operating officer of Zhongyuan Group, Shenzhen’s largest new housing agency, said in an interview: “The documents posted on the Internet are real, and the company is currently taking legal measures to try to recover the money owed by the developer. The Shenzhen company has not been able to recover for the time being.” The total amount of commissions exceeds 1 billion yuan, but not all of them are bad debts, some of the funds are more difficult to collect, and some of the funds are in the process of slow payment.”

(Article source: Financial Associated Press)

Article source: Financial Associated Press

Original title: Zhongyuan Group, the largest new house agency in Shenzhen, was owed more than 1 billion yuan in commissions

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2023-08-21 11:03:43
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