UDC buyer caught up in Chinese debt probe
China's banking regulator is reportedly concerned about high leverage.
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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