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![]() Shanghai (AFP) March 11, 2014 The first company in China to default on a corporate bond said Tuesday it would sell assets in a bid to meet interest payments as possible bankruptcy looms. Shanghai-based Chaori Solar Energy Science & Technology Co. on Friday confirmed the landmark default on interest payments of 89.8 million yuan ($14.7 million) for a five-year bond issued in 2012. Analysts say China's first ever onshore corporate bond default could benefit the market in the long term by raising awareness of risk and making in ... read more ![]() |
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