Saturday , December 14 2019
Home / South China Morning Post / Major Chinese electronics maker Tunghsu seeks government lifeline after shock bond default as slowing economy leaves private firms cash-strapped

Major Chinese electronics maker Tunghsu seeks government lifeline after shock bond default as slowing economy leaves private firms cash-strapped

Summary:
[unable to retrieve full-text content]Chinese electronics manufacturer Tunghsu Optoelectronic Technology is seeking a lifeline from its local government after missing two bond repayments, making it the latest victim of the country’s debt-strapped private economy.Its owner, Tunghsu Group, was immediately downgraded by credit rating agency S&P Global.The controlling parent of China’s largest producer of photoelectric display materials plans to hand over a majority stake of 51.5 per cent to the state-owned asset watchdog of…

Topics:
Yujing Liu considers the following as important:

This could be interesting, too:

Jeffrey P. Snider writes A Repo Deluge…of Necessary Data

Mike Shedlock writes Corbyn’s Massive Defeat is Big Wakeup Call for Democrats

Calculated Risk writes Hotels: Occupancy Rate Decreased Slightly Year-over-year

Lance Roberts writes #WhatYouMissed On RIA: Week Of 12-09-19

[unable to retrieve full-text content]
Chinese electronics manufacturer Tunghsu Optoelectronic Technology is seeking a lifeline from its local government after missing two bond repayments, making it the latest victim of the country’s debt-strapped private economy.Its owner, Tunghsu Group, was immediately downgraded by credit rating agency S&P Global.The controlling parent of China’s largest producer of photoelectric display materials plans to hand over a majority stake of 51.5 per cent to the state-owned asset watchdog of…

Leave a Reply

Your email address will not be published. Required fields are marked *