Panda Green posts $66m loss for 2018 as debt-related woes mount
Panda Green Energy has posted a loss of CNY 454 million ($67.6 million) for 2018, mere weeks before it starts to face deadlines to pay off a hefty amount of outstanding debt. By the end of December, the group’s current liabilities exceeded its current assets by about CNY 928 million.
A panda-shaped PV project built by Panda Green Energy.