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Thousands Of Angry Unpaid Chinese Workers Protest Shocking Bankruptcy Of Major Telecom Supplier

Major Chinese telecom supplier Fu Chang Electronic Technology Co. (also known as Fosunny), shocked its 3,800 employees when instead of going public, the company announced it would be going dark instead when it issued a statement saying it was ceasing operations due to liquidity problems resulting from legal and debt issues.

...Fu Chang owes banks 190 million yuan in debt and suppliers 270 million yuan, and it is two months behind on pay for its employees, the National Business Daily reported on Friday. The newspaper also said the shutdown would affect more than 3,800 employees and more than 300 suppliers. ....
http://www.zerohedge.com/news/2015-10-12/thousands-angry-unpaid-chinese-workers-protest-shocking-bankruptcy-major-telecom-sup

Asian Stocks Slide as Japan Reopens, Investors Await China Data
http://www.bloomberg.com/markets