Related News
Guangxi metals firm bankrupt
Print Edition
STATE-OWNED Guangxi Non-ferrous Metals Group Co in south China’s Guangxi Zhuang Autonomous Region has been declared bankrupt, despite a nine-month restructuring push.
According to an announcement published by the intermediate people’s court of Nanning City on September 12, the company had neither submitted a restructuring plan within six months of the court’s initial ruling, nor had it applied for an extension.
The court decided to end the restructuring procedure and declared the firm bankrupt.
The group was founded in 2008 with a registered capital of 2.1 billion yuan (US$315 million). It had 18,000 employees on its books.
The company filed for bankruptcy with the court in December.
Sources with the court revealed in March that the company had more than 14 billion yuan in liabilities.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
