SGIS Songshan: Shaosteel International Trade forced to file for bankruptcy liquidation
2018-09-26 17:48:40 [Print]
SGIS Songshan announced on late September 25 that Guangdong Shaosteel International Trade Co
. , Ltd . ("Shaosteel International Trade"), its wholly-owned subsidiary, received the subpoena from Haizhu District People's Court of Guangzhou city and other documents related to the filing for bankruptcy liquidation . Shanghai Bofeng Group applied to the court for the bankruptcy liquidation of Shaosteel International Trade . By the end of 2017, Shaosteel International Trade had a net asset of negative RMB67 . 1134 million . As the court has not yet ruled on bankruptcy, it is currently impossible to tell what impact of the bankruptcy will have on the company's profits.