May 21, 2018 / 10:19 AM / 3 months ago

CEFC Shanghai International misses bond payments due May 21

SHANGHAI, May 21 (Reuters) - CEFC Shanghai International Group Ltd, a subsidiary of troubled China CEFC Energy, said on Monday that it was unable to make principal and interest payments totalling 2.09 billion yuan ($327.26 million) on a bond maturing May 21.

The company warned on May 14 that it was uncertain it would be able to make the payments, citing major pressure on its operations. ($1 = 6.3863 Chinese yuan) (Reporting by Andrew Galbraith; Editing by Richard Borsuk)

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