August 27, 2018 / 9:47 AM / 3 months ago

Wintime Energy fails to pay principal, interest on commercial paper -Shanghai Clearing House

BEIJING, Aug 27 (Reuters) - Shanghai Clearing House said on Monday it has not received the full principal and interest payment on short-term commercial paper from Wintime Energy Co due on Aug. 27.

The company said last month that it had failed to make principal and interest payments on its commercial paper due July 5, and was in “material default”. (Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger)

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