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Asia Pacific Containers Dry Bulk

State-owned Yingkou Port defaults on $83m debts

Failed debt payment is part of a Yuan2bn insurance-related investment product issued by Sun Life Everbright Asset Management. Funds raised were used for the construction of port facilities

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Default comes as Yingkou, a major sea port in northern China, has been borrowing heavily in recent years to expand its capacity with new facilities and equipment

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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