UPDATE 1-China Evergrande unit gets notice for $4.48 bln loan from Shengjing Bank

News Snapshot:

(Adds background) Nov 1 (Reuters) - Debt-laden property developer China Evergrande Group said on Tuesday its unit received a notice of enforcement for unrecoverable funds from Shengjing Bank Co Ltd. The bank said it failed to recover funds totalling 32.595 billion yuan ($4.48 billion), which was provided to the unit from 2020 to 2021, according to Evergrande. In early September, state-owned companies of the Chinese northestern city of Shenyang bought Evergrande's shareholding in Shengjing Bank in an auction for 7.3 billion yuan. The Evergrande unit's 30.99% stake in Xinjiang Guanghui Industry Investment Group, which it had pledged to the bank...