The trading halts were in response to a disclosure by FerroChina, a steel-coil maker, that it was unable to repay short-term loans and reports that the owners of China Printing & Dying Holdings had gone into hiding due to financial troubles.
Analysts say the debt problems of FerroChina and China Printing suggest bankruptcy threats in China could be more widespread than has been officially admitted.
There are fears that other Singapore-listed China companies, known as S-chips, might face similar difficulties, which has helped push down the FTSE-ST China index by more than 80 per cent this year.
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