11
Jul
05:31
Chonggang warns of delisting risk
China’s Chongqing Iron & Steel (Chonggang) has released more details about its reorganisation and warned investors via the Shanghai Stock Exchange that it is at risk of delisting. By the end of 2016 Chonggang had negative CNY 107 million ($15.73m) in net assets, and on 3 July it was ordered by a local court to undergo restructuring. The registration of Chonggang creditors is scheduled to end by 11 August, Kallanish notes.
According to the announce…
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