Fri 06/18/2021 09:08 AM
King & Wood Mallesons has been selected as the preferred bankruptcy administrator of Wintime Energy subsidiary Huachen Energy as the Chinese power generator prepares to enter PRC court-supervised reorganization proceedings after failing to reach individual agreements with holders of its RMB 2 billion 6% onshore bonds due 2019 “16 Huachen 01,” according to two sources familiar with the matter.
This comes after Wintime Energy
unexpectedly announced last Saturday, June 12, that its board...
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