Evergreen Holding Group: China Shipbuilder Evergreen Defaults on Bond Amid Cash Shortage

A Chinese shipbuilder defaulted on bonds, becoming at least the 10th company to miss local debt payments in the world's third-biggest note market this year. Evergreen Holding Group Co. said it can't make full payment due Monday on a one-year notes because of a cash flow shortage, according to a statement on Shanghai Clearing House's ...