Alternative to a provision fund

dualinvestor

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Alternative to a provision fund Jun 13, 2016 9:33:37 GMT via mobile

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Post by dualinvestor on Jun 13, 2016 9:33:37 GMT

The FT reports that Chinese P2P platform Chinatou can't repay it's lenders but is offering them liquor instead.

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extremis Posts: 179 Likes: 58	Alternative to a provision fund Jun 15, 2016 17:02:35 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by extremis on Jun 15, 2016 17:02:35 GMT Is it a joke? I am sure Chinatou's investors aren't laughing.

james Posts: 2,205 Likes: 955	Alternative to a provision fund Jun 17, 2016 5:07:54 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by james on Jun 17, 2016 5:07:54 GMT The chairman was arrested after investors complained that the money was being retained by the company instead of being lent out. The liquor is to come from another company he is a chairman of.

jonah Member of DD Central Posts: 2,031 Likes: 1,113	Alternative to a provision fund Jun 17, 2016 5:14:47 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by jonah on Jun 17, 2016 5:14:47 GMT Well, I guess that is one way to try to help with SM liquidity issues....

Post by dualinvestor on Jun 13, 2016 9:33:37 GMT

Post by extremis on Jun 15, 2016 17:02:35 GMT

Post by james on Jun 17, 2016 5:07:54 GMT

Post by jonah on Jun 17, 2016 5:14:47 GMT