财新传媒
财新英文 > 要闻 > 正文

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
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

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.

版面编辑:喻竹杨洋
财新私房课
好课推荐