So­lar-cell maker Baod­ing share trade to halt amid loss

China Daily (Canada) - - BUSINESS -

So­lar-cell maker Baod­ing Tian­wei Bao­bian Elec­tric Co said trade in its 1.6 bil­lion yuan ($260 mil­lion) of bonds will be halted on the Shang­hai Stock Ex­change on Fri­day amid sig­nals China’s govern­ment will al­low more de­faults in the na­tion’s on­shore bond mar­ket as the econ­omy slows. The com­pany re­ported a net loss of 5.23 bil­lion yuan in 2013 com­pared with 1.55 bil­lion yuan the year be­fore.

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