09 Feb Hong Kong builder Wang On cuts holding in China South City junk bonds as losses from bets on Chinese developers mount
Posted at 06:28h
in Asia
Hong Kong property developer Wang On Group has cut its holding in junk-rated dollar-denominated bonds issued by China South City Holdings, widening losses from its bets on the troubled mainland Chinese developer and its peers.The firm sold US$8.4 million face amount of China South City...