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China park operator warns of cashflow woes as virus shuts gate

2020/2/17 16:58:03
A Chinese national park operator risks becoming the first high-profile victim of the coronavirus outbreak in the country’s nascent asset-backed securities market, warning against a weakening ability to generate cashflows.

Slender West Lake Tourism Development Group Co., which runs a top-rated national park in the eastern city of Yangzhou, said a statement Wednesday that the epidemic is having a negative impact on its 2.2 billion yuan ($320 million) asset-backed notes.

Slender West Lake issued the bond-like product in October 2018, using income streams from ticket sales as its underlying asset.
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江苏省无锡市滨湖区环山东路9号。

所属商业区:灵山大佛/拈花湾景区
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酒店地址: 江苏省 · 无锡 · 滨湖区 · 滨湖区环山东路9号