China's Weilin owes $58m, but cotton farmers, brokers offered $5.5m

Andrew Marshall
By Andrew Marshall
Updated April 14 2021 - 2:16pm, first published August 3 2020 - 6:20am
Chinese cotton company's creditors may get 20c in the dollar

Unsecured creditors from across the cotton industry are being warned to expect to be repaid maybe just a fifth of their losses following the collapse of Chinese-owned merchant Weilin Trade owing about $58 million.

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Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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