Wintime is an obscure coal producer in the northwest province of Shanxi. Photo: Imaginechina
Bond default by China’s best-performing stock this year sends shares slumping in Shanghai
- Shares of Wintime Energy, which had surged 60 per cent this year until Friday, fell almost 10 per cent in trading on Wednesday after it said that it had defaulted on a bond payment
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China stock market
Wintime is an obscure coal producer in the northwest province of Shanxi. Photo: Imaginechina