More on China Minsheng...
according to Bloomberg they have two billion USD In debts falling due for repayment this year....and seems unlikely they will be able to make the payment.
Turns out then that maybe their investment in Lux might not have been such a brilliant idea as it does not take a rocket scientist to fathom that Lux have yet to make any profit or pay any dividend to their shareholders.
given everything else that’s going .....RIP CMI seems highly likely.