CEFC Shanghai International Group, the principal subsidiary of troubled CEFC China Energy (the picture shows its offices in Hong Kong) has pledged close to a fifth of its holding in a Shenzhen-listed unit to back a 800 million yuan (US$126.4 million) loan. Photo: SCMP

China’s would-be Rosneft investor CEFC pledges unit’s stock for loans amid funding woe

In September 2017, CEFC Shanghai was 51.3b yuan in debt repayable within 12 months, had 33b yuan in outstanding long term interest-bearing loans, 20b yuan in cash and deposits, and 55b yuan in shareholders’ equity

Topic |   Energy

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CEFC Shanghai International Group, the principal subsidiary of troubled CEFC China Energy (the picture shows its offices in Hong Kong) has pledged close to a fifth of its holding in a Shenzhen-listed unit to back a 800 million yuan (US$126.4 million) loan. Photo: SCMP
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