09
Aug
07:38
Dongbei Special Steel creditors approve restructuring plan
On 8 August Dongbei Special Steel Group's bankruptcy restructuring draft plan was passed at a creditors meeting in which 1,911 creditors voted, according to Xinhua. The plan would see Beixi Iron & Steel and Shen Wenrong’s Jinchengshazhou inject in total CNY 5.5 billion in return for 10% and 43% stakes. The remaining shares would be controlled by China Orient Asset Management and other creditors.
According to the published scheme Dongbei Special sho…
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Anonymous
Very good overview of the weekly steel market.
Anonymous