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03 Dec
10:16

Jiangsu Delong pushes Jiangsu Shente’s reorganisation

Jiangsu Delong Nickel Industry Co. has established wholly-owned subsidiary Liyang Baorun Iron & Steel to promote the reorganisation of Jiangsu Shente and its four subsidiaries, Kallanish notes. Jiangsu Delong injected CNY 300 million ($45.7m) into Baorun Steel’s registered capital, and the new company’s registered address is the same as that of Jiangsu Shente. On 17 October, Jiangsu Delong was confirmed as the company to run the reorgani…
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