September 20, 2018 / 1:44 AM / 3 months ago

China's Jilin Liyuan Precision Manufacturing says will miss bond payments

SHANGHAI, Sept 20 (Reuters) - Jilin Liyuan Precision Manufacturing, a maker of aluminium products, said on Thursday that it would be unable to make interest payments due Sept. 25.

In a statement posted on the website of the Shenzhen Stock Exchange Thursday, the company said it was unable to make interest payments of 51.8 million yuan ($7.56 million)due to insufficient funds.

It said the company was actively raising funds, and would attempt to make the interest payments as soon as possible. ($1 = 6.8519 Chinese yuan renminbi) (Reporting by Andrew Galbraith Editing by Shri Navaratnam)

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