Press "Enter" to skip to content

Kangde Xin debt woe in spotlight again after controller arrested over 1.22 billion yuan missing

China’s leading optical film supplier Kangde Xin Composite Material Group Co. shocked the market earlier this year after it failed to repay several onshore bonds due to liquidity crunch although it had up to 15 billion yuan cash sitting on the balance sheet by the end of September 2018.

The debt drama was brought in the spotlight again after Chinese police in China's eastern city Zhangjiagang, the city . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out! 

What you'll get:

  • Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
  • Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!

 

Not ready for the full service? Subscribe to our Free Weekly Newsletter first.

Already have an account? Sign In

Top