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China debt crunch

StanChart seeks to liquidate unit of China's Shandong Ruyi

Troubled fashion group seeks strategic investor and debt extension

Shandong Ruyi Technology Group's Trinity unit owns about 200 stores under the brands Cerruti 1881, Gieves & Hawkes, Kent & Curwen and D'Urban, mostly in greater China.   © AP
KENJI KAWASE, Nikkei Asia chief business news correspondent | China

HONG KONG -- Standard Chartered has filed a petition to liquidate a Hong Kong-listed unit of Shandong Ruyi Technology Group, the acquisitive Chinese fashion company that failed on Monday to repay a 1 billion yuan ($152.8 million) bond.

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