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 where the company is based, said over the weekend that . . .
To continue reading, please subscribe. You will get
- ORIGINAL & IN-DEPTH reporting about key trends in China's economy and financial markets
- THE WIRE 7*24 - up-to-the-minute updates, with details and data you won't find elsewhere.
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
- QUALITY MATTERS. We provide quality information to help intelligent and professional readers make informed decisions.
GRAB THE MID-YEAR SPECIAL OFFER !
SUBSCRIBE AT $0.5 A DAY!
Contact us for group subscriptions: email@example.com
We highly value independence. We are solely funded by subscriptions from intelligent readers like you. Not ready for our full service? Try Free Weekly Newsletter first.
Already have an account? Sign In