Posted inChina

Banks freeze assets of Jiangsu Protruly 



Jiangsu Protruly Visual Technology Group (600074.CH), an electronic visual company in China that also manufactures mobile phones, said on Sunday that HSBC Shenzhen had frozen 72.78 million yuan (US$11.16 million) in assets that the company had raised and deposited at Ping An Bank’s Shenzhen branch, Yicai.com reported on Monday. Ping An Bank later froze US$26.53 million […]

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