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China City Construction fails to make interest payments on debt due Nov 27
November 27, 2017 / 10:18 AM / 16 days ago

China City Construction fails to make interest payments on debt due Nov 27

BEIJING, Nov 27 (Reuters) - Unlisted China City Construction Holding Group Co failed to make interest payments for its five-year, 3 billion yuan ($454.55 million) private placement notes that were due Monday, according to a filing on the Shanghai Clearing House.

The company missed the payment due to limited access to financing amid tight liquidity conditions, the filing said.

$1 = 6.6000 Chinese yuan Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk

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