Hong Kong's Wang On Group disposes of notes in indebted developer China South City, warns of US$4.2 million annual loss
The Hong Kong-based builder sold down its holding in junk-rated notes of China South City for about US$3.8 million, as its investment in troubled Chinese developers backfired.
Hong Kong Wang On Group China South City Notes Hong Kong Listed China South City South City Wangon Group
Source: scmp.com