China’s murky bankruptcies expose hazards for foreign investors

China’s murky bankruptcies expose hazards for foreign investors

By Engen Tham DALIAN, China (Reuters) – When a Chinese pork producer filed for bankruptcy in 2019, the news came as a jolt to Alan Hill. The retired Apple executive from Albuquerque had invested about $100,000 last decade in Dalian Chuming Meat Processing through a U.S.-listed holding company, Energroup Holdings. Chuming had not paid dividends for many years, but it supplied pork to Walmart and had been profitable at least as recently as 2016. A…

China's murky bankruptcies expose hazards for foreign investors

By Engen Tham