China Railway Construction Corp (CRCC) has decided not to cooperate with UBS for...
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland, Oct. 25, 2018. REUTERS/Arnd Wiegmann
BEIJING - China Railway Construction Corp has decided not to cooperate with UBS for a planned dollar-bond sale, a spokesman at the Chinese infrastructure giant told Reuters on Monday. Earlier, Bloomberg reported that CRCC decided against hiring UBS as a joint global coordinator on the bond sale after remarks about pigs by an economist at the Swiss bank last week sparked a public outcry in China, citing people familiar with the matter.
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