24
Feb
09:27
Kinsteel appeals winding up order
Malaysia’s Kinsteel is appealing against its winding up order after failing to make payments on debts incurred after failing to make a shipment of rebar. The company has nevertheless been forced to appoint Ernst & Young as administrator for a bankruptcy restructuring process, Kallanish notes.
Kinsteel has been ordered to be dissolved after falling heavily in the red, seeing its asset value shrink below its liabilities and its failing to successfully is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous