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

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.

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