Huarong AMC bonds widen on earnings delay

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By Morgan Davis
07 Apr 2021

China Huarong Asset Management Co’s dollar bonds have been hit in the secondary market, following an announcement that the company’s 2020 annual results are delayed. But analysts have warned against reading too much into the postponement, saying it could signal positive developments at the firm.

The state-owned bad debt manager was supposed to publish its full year 2020 results at the end of March, but instead announced on March 31 that its results were delayed because a “relevant transaction” was still being finalised and the company’s auditor needed more information and time to ...

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