HONG KONG -- Asia Standard Hotel Group, a hotel chain operator in Hong Kong, has revealed substantial losses from its investment portfolio including bonds issued by embattled mainland property developer China Evergrande Group, which is currently under bankruptcy proceedings.
China debt crunch
Hong Kong hotel operator reveals investment losses from Evergrande bonds
Asia Standard's developer-dominated portfolio hit by two winding-up orders
Asia Standard Hotel Group, which runs hotels under the Empire brand, has revealed the financial impact of exposure to Evergrande bonds. (Source photos by Reuters and Kenji Kawase)
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