04-01-2016, 08:58 AM
(03-01-2016, 02:25 PM)CY09 Wrote: Remember China eratat
There was a bond redemption in China Eratat and the company could not pay. Bank balances in Eratat were fabricated.
Sino Grandness paid RMB 38 mil to redeemed part of the bonds in Oct 2014 and the rest of the bondholders extended the maturity dates of the remaining bonds. No redemption have been served so far by the bondholders.
The confidence levels of the bondholders in these 2 companies are different, at least for the moment.
What are the similarities between the 2 companies?