Chairman Of Insolvent Chinese Steel Company Hangs Himself Day Before Bond Maturity

Saturday, March 26, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/26/2016

While Beijing dithers, and does its best to kick the can as far as it can without doing anything, it was too late for one person: on Friday morning, Dongbei Special Steel Group reported that the company’s Chairman Yang Hua, 53, was found dead after hanging himself in his residence. Why? Because tomorrow the company has an 800 million yuan debt payment which it will not be able to make.

The Rest…HERE

This entry was posted on Saturday, March 26th, 2016 at 11:20 am and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.

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