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

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

Yujing Liu

Yujing Liu is a business reporter with a passion for understanding and explaining the fascinating complexities of China’s economy and society. Originally from Beijing, she joined the Post in 2017 after graduating from the University of Hong Kong with a degree in politics and journalism.