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China Railway Construction Corp. (CRCC) has decided not to cooperate with UBS for a dollar bond sale project, a spokesman for the Chinese infrastructure giant told Reuters on Monday.
FILE PHOTO: The logo of the Swiss bank UBS is visible in Zurich, Switzerland, October 25, 2018. REUTERS / Arnd Wiegmann
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China Construction Construction (CRCC) has decided not to cooperate with UBS for the planned sale of dollar bonds, a spokesman for the Chinese infrastructure giant said on Monday.
Earlier, Bloomberg had announced that CRCC had decided not to engage UBS as a global co-coordinator of bond sales after remarks by a Swiss bank economist about pigs, sparking a outcry in China, citing people close to the case.
(Report by Yawen Chen and Ryan Woo, edited by Shri Navaratnam)
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