Default scandal continues to haunt China’s Wuzhou
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Asia

Default scandal continues to haunt China’s Wuzhou

Worry Pray

Debt-strapped Wuzhou International Holdings will be unable to make payments on its $300m bond this week, adding to a spate of other non-payment situations, including failing to redeem a $100m convertible bond as well as defaulting on a renminbi note and on some of its loan obligations.

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