Chinese developer Sinic says likely to default on bond repayment

By Kitco News / October 11, 2021 / www.kitco.com / Article Link

Oct 11 (Reuters) - Chinese developer Sinic Holdings said on Monday it would likely default on its 2021 bonds, as it does not have enough financial resources to the make payments by their maturity date. (Reporting by Arundhati Dutta in Bengaluru, Editing by Louise Heavens) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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