Dongxu Optoelectronic defaults after partial bond extension

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By Addison Gong
20 May 2020

China’s Dongxu Optoelectronic Technology Co was unable to fully repay a five year renminbi bond that matured on Tuesday, after failing to convince all the investors to back an extension plan. Its parent, technology conglomerate Tunghsu Group, has a dollar deal maturing next month.

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