Aug 13, 2013 04:57 PM

Trust Company Forced to Repay Investors Out of Own Pockets

(Beijing) – A trust company says it used its own money to buy a trust product back from investors after the issuing firm fell behind on repayments.

Shaanxi International Trust Co. Ltd. (SIT) said on August 12 it spent 597.9 million yuan acquiring outstanding units of a trust product sold in two phases by Henan Yufeng Compound Fertilizer Co. Ltd. in 2012.

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