“Coal importer Winsway Enterprises Holdings Ltd. became the nation’s second company to default on a dollar-denominated bond this year. The Hong Kong-listed company isn’t able to pay $13.2 million of semi-annual interest due Friday on $309.3 million of notes that mature next year, according to a Hong Kong stock exchange filing on Friday. A 30-day grace period expired May 8 after it skipped the payment April 8 and hired advisers to restructure its debt. The recent missed payments are the latest challenge for foreign investors in China who may need to navigate unfamiliar means of recourse to a defaulted company’s assets.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
The global wine drought that never was
Justice seeking to block Bernanke testimony
India Could Be The Next Booming Market For Bitcoin
The U.S. economy is roaring, but the yield curve is flattening. What gives?
Coming Soon to America: Bitcoin ATMs
Will Congress heed the warning on their Obamacare exemptions?
Robot suit designed to aid the physically challenged and elderly gets global safety certificate
China's biggest jeweller sees gold in the masses
Colorado Springs bans recreational marijuana shops
FDA sets Obamacare menu rules for food chains, other eateries
The New Truth About the Cop Shot in Watertown: Friendly-Fire in a Getaway
Police arrest woman after request to see warrant
The Southern Poverty Law Center Scam
FBI fatally shoots victim of kidnapping trio, alone and with his hands bound
In China, Widening Discontent Among the Communist Party Faithful