Chinese oil firm MIE defaults on US$248 million bond after value of its assets fall sharply

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The crash in international crude prices has not only burnt small Chinese investors who bought wealth management products from one of China’s largest banks but also a listed oil and gas firm that announced last week that it would default on a US$248 million bond.

www.scmp.com/economy/china-economy/article/3084773/chinese-oil-firm-mie-defaults-us248-million-bond-after-value

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