The Chinese clothing maker that controls brands including The Lycra Company and Gieves & Hawkes revealed on Monday that it had failed to pay back investors on a $153m bond, the latest in a string of defaults in the country.
Shandong Ruyi Technology Group, which has struggled to cope with a heavy debt load after a series of high-profile international acquisitions, said in a filing that it had failed to repay the principal and interest on a Rmb1bn bond that came due on Monday.
It has joined a growing list of defaults among troubled companies that have sent tremors through China’s $4tn corporate bond market since November.
您已閱讀18%（625字），剩餘82%（2872字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。