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

Andrew Marshall
Updated April 15 2021 - 12:16am, first published August 3 2020 - 4:20pm
Chinese cotton company's creditors may get 20c in the dollar
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.

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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