Tunghsu Optoelectronic Technology, which makes electronic display panels, has repeatedly defaulted on bond payments. Photo: EPATunghsu Optoelectronic Technology, which makes electronic display panels, has repeatedly defaulted on bond payments. Photo: EPA
Tunghsu Optoelectronic Technology, which makes electronic display panels, has repeatedly defaulted on bond payments. Photo: EPA

Third bond default by Chinese electronics firm within a month points to wider corporate governance issues

  • Tunghsu Optoelectronic Technology missed an interest payment on its 1.7 billion yuan (US$241 million) onshore bond on Monday
  • Some of the defaults by Chinese companies have turned out to be corporate fraud, exposing corporate governance issues, said Ivan Chung of Moody’s
Topic |   Dealing with debt
Tunghsu Optoelectronic Technology, which makes electronic display panels, has repeatedly defaulted on bond payments. Photo: EPATunghsu Optoelectronic Technology, which makes electronic display panels, has repeatedly defaulted on bond payments. Photo: EPA
Tunghsu Optoelectronic Technology, which makes electronic display panels, has repeatedly defaulted on bond payments. Photo: EPA
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