Financial bottlenecks of Shandong Ruyi group: creditors seek control over Lycra


According to the news service portal Reuters, the creditors of the indebted fashion conglomerate Shandong Ruyi Technology Group will seek control of fiber manufacturer The Lycra Company after Ruyi failed to repay a $400 million loan it took out to buy the company. The creditors were quoted saying that Ruyi ...

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