Second Chinese listed firm says at risk of bond default, 240 mln yuan due April 7

April 3, 2015 3:50 AM

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SHANGHAI, April 3 (Reuters) - Cloud Live Tech Group , a troubled Chinese internet technology firm, is in danger of defaulting on 240 million yuan of interest and principal payments due to bond investors on April 7th, the firm announced late Thursday.

If the firm does default it would be only the second time a listed Chinese company has done so following a similar default by Chaori Solar in 2014.

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