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.

We are primarily funded by readers. Please subscribe and donate to support us!

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

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.