15
Feb
13:46
Cedar Holdings faces repayment issues
Chinese commodity trader Cedar Holdings, which bought Stemcor in 2020, is facing difficulty in repaying investors in its wealth management products, according to a report by Caixin. China’s real estate sector has been in an engineered debt crisis since last year, with knock-on effects on related sectors, Kallanish notes.
Caixin says it has been told by investors that Cedar began delaying redemption of WMPs in April last year and has now stopped paying intere…
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Anonymous
Very good overview of the weekly steel market.
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