14
Aug
07:37
Xuzhou Shengyuan announces bankruptcy
Xuzhou Shengyuan Casting Company in Jiangsu province has applied for bankruptcy. The Intermediate People’s Court of Xuzhou City has arranged its takeover by a bankruptcy administrator, Kallanish notes from the National Enterprise Bankruptcy Information Disclosure Platform.
As of 31 May, the company had assets of CNY 1.6708 million ($240,000) and liabilities of CNY 96.4949m. The owner’s net equity and asset-liability ratio are CNY -94.824m and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous