Coface also faced a 59.4M EUR tax bill and a 24.4M EUR finance cost on the corporate level, resulting in a net income of 189.7M EUR.

Source: https://seekingalpha.com/article/4656787-coface-stock-underappreciated-insurance-company-with-11-percent-dividend-yield?source=feed_all_articles

For Singapore, which has China as one of its top trading partners, any impact from the latter’s housing crisis is “likely to be indirect” if growth in China weakens substantially, said Mr Aw of Coface.

Source: https://www.channelnewsasia.com/business/cna-explains-china-property-developer-country-garden-crisis-how-worried-should-world-be-3737226?cid=cna_flip_070214