SHANGHAI: A Chinese bottle supplier for Coca-Cola and PepsiCo said on Tuesday it was unable fully to repay nearly $100 million worth of bonds, the latest default as growth slows in the world’s second-largest economy.
Zhuhai Zhongfu Industrial Co. has 590 million yuan ($96.6 million) of bonds due on Thursday but will only be able to return a quarter of the principal, it said in a statement to the Shenzhen Stock Exchange, where it is listed.
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