Train manufacturer CNR Holdings fails to repay CITIC loan on time
CNR Holdings, one of China's largest train manufacturers, has confirmed that it has failed to settle the outstanding overdue debt of HKD 97.14mn ($12.5mn) to CITIC Securities, which was due on 6th July. &nbsp;This is the second time within a year that CNR Holdings has failed to keep up its payments to its creditors, which also include the Shanghai Commercial Bank.
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