China Defaulter to Repay 35%
BY DINNYMCMAHON — Yang Jie contributed to this article.
The Wall Street Journal Europe
May 5 2015
BEIJING—The first Chinese company to default on the principal of a locally issued bond said it will repay investors 35% of what it borrowed. Cloud Live Technology Group Co., a restaurant chain turned tech company, will also repay all of the interest…read more…