Posted on Jun 15, 2018

High-speed rail builder China Railway swaps debt for US$1.8 billion in cash

512

So... one SOE has distributed its unsustainable debt to four OTHER SOEs and then traded equity shares (and a portion of the debt) to private investors for REAL money.

Better set the hook before the fish catch on...

High-speed rail builder China Railway swaps debt for US$1.8 billion in cash

Posted from sc.mp

Posted in these groups: China

Posted >1 y ago

Responses: 1

SSgt GG-15 RET Jim Lint

Posted >1 y ago

This may not end well. Hard to see CH motivation to help us. (Although, last time we built railroads in 1800s we used CH labor.....) Kind of funny...might be payback.

(1)

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Sgt Wayne Wood

>1 y

Don’t recall seeing AMERICAN investors mentioned...

(0)

High-speed rail builder China Railway swaps debt for US$1.8 billion in cash

High-speed rail builder China Railway swaps debt for US$1.8 billion in cash

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