Actual controller of Shagang might become largest shareholder of Northeast Special Steel
2017-07-11 17:57:24 [Print]
According to an announcement of Shagang Co., Ltd. published on the morning of 10th, the company received a notification of the actual controller Mr. Shen Wenrong recently, in which Jincheng Shazhou Equity Investment Limited of Ningbo Meishan Bonded Zone controlled by Shen planed as the main investor to participate in bankruptcy reorganization of Northeast Special Steel Group Co., Ltd. and its subsidiaries of Northeast Special Steel Group Dalian Special Steel Co., Ltd. and Northeast Special Steel Group Dalian High Alloy Rod and Wire Co., Ltd., and expected to be the largest shareholder of Northeast Special Steel Group after reorganization.
As of now, the restructuring draft of Northeast Special Steel Group has not yet been finalized, so there are also uncertainties on Jincheng Shazhou’s participation in bankruptcy reorganization of Northeast Special Steel Group and becoming the largest shareholder of the group.
As of now, the restructuring draft of Northeast Special Steel Group has not yet been finalized, so there are also uncertainties on Jincheng Shazhou’s participation in bankruptcy reorganization of Northeast Special Steel Group and becoming the largest shareholder of the group.
