24
May
08:44
Xining Special on the brink of being reorganised
China’s Xining Special Steel announced that Qinghai Junbai Trading Co., Ltd. had submitted an application to the Xining Intermediate People’s Court for debt reorganisation, Kallanish notes.
The company added that there are still major uncertainties about whether the application will be accepted by the court and whether the company will enter the reorganization process.
Xining Special now has an outstanding debt of CNY 4.53 million ($0.64m) to Qinghai…
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Anonymous
Very good overview of the weekly steel market.
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