Yingli said “to its knowledge” the bondholders or other creditors have not taken any immediate action against its subsidiary Baoding Tianwei Yingli New Energy, which owes the money.
Yingli admitted that the default was on the still on the cards yesterday when it posted a net loss of 5.6bn yuan ($865m) for 2015, after flagging it up in earlier announcements.
The company reiterated today that it is still talking to the bondholders about an extension to the payment deadlines and seeking potential new investors or sources of finance.
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