The financial crisis at cash-strapped privately owned carmaker Hawtai Motor Group Ltd. deepened this week as the company, which has a stake in troubled Bank of Jinzhou, failed to repay investors in a 1 billion yuan ($145 million) bond issue who had opted for early redemption and were due to be paid on Monday.
Crisis at Hawtai Motor Deepens as Debt Repayment Missed
2019年07月31日 21:05
来源于
财新网
Privately owned carmaker struggling under debt mountain fails to honor put option on bond
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- Hawtai Motor has failed to honor its obligation to repay 912 million yuan to bondholders who exercised an option to sell the securities back to the company. Photo: VCG
版面编辑：喻竹杨洋
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