UDC buyer caught up in Chinese debt probe
China's banking regulator is reportedly concerned about high leverage.
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Hawke’s Bay
The buyer of finance company UDC is one of five Chinese conglomerates caught up in a probe of debt risks by China’s banking regulator, the Wall Street Journal reports.
In January UDC, a subsidiary of the ANZ bank, announced it would be sold to China’s HNA Group for $660 million. The deal is
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Tim Hunter
Fri, 23 Jun 2017
Fri, 23 Jun 2017
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UDC buyer caught up in Chinese debt probe
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