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Shanghai Exchange Condemns Tycoon Who Fled Ahead of Bond Default

2021年04月06日 20:49 来源于 财新网
Bourse says Gao Hongming’s company faked official documents and failed to disclose important information
The Shanghai Stock Exchange’s public censuring of Gao Hongming and his son comes as part of broader efforts to clean up the bond market after a wave of corporate defaults. Photo: IC Photo

The Shanghai bourse has condemned a businessman who fled the Chinese mainland a few weeks before his company defaulted on a 100 million yuan ($15.2 million) bond, saying he displayed “a negative attitude toward resolving and dealing with bond credit risk.”

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