The Beijing front office of China Energy Reserve & Chemicals Group (CERCG), which owned 55% of the consortium that announced in November 2017 its purchase of Li Ka-shing’s building, The Center tower. Three months later, the group withdrew from the consortium, leaving several Hong Kong tycoons to pick up the stake. Photo: SCMP/Simon Song

China Energy Reserve, a would-be real estate magnate, misses payment on US$350 million bond

Topic |   Bonds

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The Beijing front office of China Energy Reserve & Chemicals Group (CERCG), which owned 55% of the consortium that announced in November 2017 its purchase of Li Ka-shing’s building, The Center tower. Three months later, the group withdrew from the consortium, leaving several Hong Kong tycoons to pick up the stake. Photo: SCMP/Simon Song
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