25
Sep
14:31
Jianlong Group targets Xining Special take over
China-listed Xining Special Steel on Monday confirmed that Beijing Jianlong Group was selected as the company’s reorganisation investor, Kallanish notes from an exchange filing.
On 20 June, the Xining Intermediate People's Court announced that Xining Special Steel has entered reorganisation procedures in response to applications filed by some creditors (see Kallanish passim). This was because it cannot pay off due debts, and its assets were insuffic…
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Anonymous
Very good overview of the weekly steel market.
Anonymous