Defaulted issuers return: CSRC queries Founder Securities, snubs Haikou Meilan

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By Addison Gong
23 Jan 2020

The China Securities Regulatory Commission (CSRC) has asked questions about Founder Securities’ application to sell an onshore bond, but put a pause on approving a planned issuance by Haikou Meilan International Airport Co. Both Founder’s parent company and Meilan have missed bond payments in 2019.

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