A new hearing in a Chinese bank’s lawsuit against Inter Milan President Steven Zhang has been postponed until November.
This according to Italian news outlet Calcio e Finanza, who report that a Hong Kong court has set the date for a new hearing in the €300 million lawsuit against Zhang by the Chinese Construction Bank for November 27.
Inter President Zhang is the subject of a significant lawsuit by Chinese bank Chinese Construction Bank (Asia).
The CCBA are seeking around €300 million in unpaid debts from the Nerazzurri President and businessman.
The debts would concern Zhang’s business dealings in Asia as part of the Suning group.
The CCBA are seeking to collect on debts that Zhang has not paid. The Inter President and Chinese businessman has claimed that he is unable to pay the debts that the CCBA are seeking.
However, the Chinese bank allege that Zhang has been hiding assets during the process. This the primary focus of their lawsuit against Zhang.
Court Postpones Hearing In CCBA Lawsuit Against Steven Zhang To November 27
According to Caclio e Finanza, a new hearing in the CCBA’s lawsuit had originally been scheduled for today.
The Nerazzurri President was to appear in front of a Hong Kong court.
However, the outlet report, the court has rescheduled that hearing. Now, it will take place on November 27.
Calcio e Finanza explain that the hearing is expected to last around three hours.
The purpose of the hearing will be for Zhang to answer questions about his assets, debts he owes, and debts that are owed to him.
Meanwhile, the Inter President will also be expected to produce documents verifying his assets and liabilities.
The CCBA as Zhang’s debtors are aiming to establish how they can collect on the money Zhang owes them. This is in accordance with an earlier ruling by a Hong Kong court that Zhang must pay the amounts he owes.
