China Yurun Food halts share trade as subsidiary defaults

China Yurun Food

18/03/2016 01:20

HONG KONG, March 18 (Reuters) - Trading in shares of China 
Yurun Food Group Ltd  1068.HK  was suspended on Friday pending a 
statement on the potential impact from the default on domestic 
short-term financing notes issued by its unit Nanjing Yurun Food 
Co Ltd. 
    The Hong Kong-listed firm gave no further details in a 
filing to the Hong Kong bourse announcing the suspension. 
    Nanjing Yurun has defaulted on a 500 million yuan ($77.2 
million) short-term financing note repayment due on Thursday, 
the company said.  urn:newsml:reuters.com:*:nL3N16P3UW  
     
      
 
 (Reporting by Donny Kwok; Editing by Stephen Coates) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: CHINA YURUN NANJING YURUN/DEFAULT