Huarong bonds weigh on supply after latest delay

China Huarong Asset Management_Alamy_575px_April 16 2021
By Morgan Davis
26 Apr 2021

China Huarong Asset Management's dollar bonds dropped again on Monday, after the company pushed its 2020 earnings announcement back further.

Huarong was initially planning to release its 2020 earnings results on March 31, but it delayed the announcement, telling investors that it has a "relevant transaction" that is still being finalised. The company's auditor needs more information and time to complete its necessary audit procedures, it said. ...

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