Fangda Special Steel quits investing in restructuring of subsidiaries of Jiangsu Shente Steel
2020-07-31 12:00:30
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Fangda Special Steel announced on July 30 that as subsidiaries of Jiangsu Shente Steel are in a debt crisis and cannot meet the general standards and requirements of listed companies for investment and acquisitions due to complex restructuring processes and uncertainties, Fangda Special Steel decided to quit investing in the restructuring of subsidiaries of Jiangsu Shente Steel.Asian Metal Copyright If Fangda Iron and Steel successfully invests in subsidiaries of Jiangsu Shente Steel, the company would promise that it will inject subsidiaries of Jiangsu Shente Steel into the listed company Fangda Special Steel by laws and regulations and on the basis of meeting profitability requirements.Asian Metal Copyright With this premise, Fangda Iron and Steel, the controlling shareholder of Fangda Special Steel, will participate in the investment for restructuring of subsidiaries of Jiangsu Shente Steel.Asian Metal CopyrightFangda Special Steel announced on July 30 that as subsidiaries of Jiangsu Shente Steel are in a debt crisis and cannot meet the general standards and requirements of listed companies for investment and acquisitions due to complex restructuring processes and uncertainties, Fangda Special Steel decided to quit investing in the restructuring of subsidiaries of Jiangsu Shente Steel.Asian Metal Copyright If Fangda Iron and Steel successfully invests in subsidiaries of Jiangsu Shente Steel, the company would promise that it will inject subsidiaries of Jiangsu Shente Steel into the listed company Fangda Special Steel by laws and regulations and on the basis of meeting profitability requirements.
.Asian Metal CopyrightFangda Special Steel announced on July 30 that as subsidiaries of Jiangsu Shente Steel are in a debt crisis and cannot meet the general standards and requirements of listed companies for investment and acquisitions due to complex restructuring processes and uncertainties, Fangda Special Steel decided to quit investing in the restructuring of subsidiaries of Jiangsu Shente SteelAsian Metal Copyright
