China-europe energy reserve co ltd

Who is China Energy Reserve & Chemicals Group Limited?

China Energy Reserve and Chemicals Group Company Limited is the holding company of a group of companies (the Group) engaged in oil and natural gas exploration and the production and marketing of related chemical products. Between April 2015 and May 2018, eight members of the Group issued series of bonds to finance the Group’s operations.

Does China Energy Engineering Group have a global business?

[Photo provided to China Daily] China Energy Engineering Group Co Ltd, or Energy China Group, has vowed to further expand its world business especially in clean energy projects abroad, as it set up its global business subsidiary, China Energy International Group Co Ltd, in Beijing on Wednesday.

Did China Energy Reserve & chemicals group overseas capital fail to pay interest?

In its statement to the stock exchange, China Energy Reserve & Chemicals Group Overseas Capital Company (CERCG Overseas Capital), a subsidiary of CERCG, announced that it had failed to pay the principal amount and accrued interest of the $350 million bond due on 11 May 2018. The bond carried an interest rate of 5.25 percent.

Who is energy China Group?

Founded in September 2011, Energy China Group is a large and internationally advanced energy engineering conglomerate with a well-known brand in the power industry in China and globally. It is supervised by the State-owned Assets Supervision and Administration Commission.

What happened in China Life Trustees Limited v China Energy Reserve?

On 14 June 2024, the Hong Kong Court of Final Appeal (the CFA) handed down its landmark decision in China Life Trustees Limited v China Energy Reserve and Chemical Group Overseas Company Limited & Ors, Ad Hoc Committee as intervener HKCFA 15 concerning Quistclose trusts.

Did a Beijing energy company default on a $350 million bond?

Just seven months after leading the $5.2 billion acquisition of the world’s most expensive building, a little-known Beijing energy firm has defaulted on a $350 million international bond, according to a filing to the Hong Kong Stock Exchange by the company late Monday.