Tough Approach Pays Off–Chinese Company Has Paid Out Several Billion in CEFC Loans

The company logo at CEFC China Energy's Shanghai headquarters in Shanghai, China on September 12, 2016. Aizhu Chen/File Photo/Reuters

Czech-Slovak investment group J&T’s quick and forcible approach to energy giant CEFC China Energy has proven to be the correct one.

J&T froze CEFC’s assets in the Czech Republic after it failed to repay an 11.5 billion crown ($522 million) loan, announcing to the Chinese Central Headquarters that it would release the assets only after the loan has been repaid.