Do you remember Chuying Agro-Pastoral Group Co Ltd - the Chinese company that paid bond investors with ham instead of interest payments last year? The Shenzhen-listed company is set to become the second company in China to be delisted because its shares remain below face value for 20 consecutive trading days.
The company's shares lost 4.7 per cent on Monday to close at 0.81 yuan per share, trading below the face value of 1 yuan per . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In