8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

TBD
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

TBD
Hangzhou, Zhejiang, China

9th Magnesium Summit

TBD
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

TBD
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Guangxi Non-ferrous Metal publicly transfers bankruptcy asset for RMB4.5 billion

2017-02-10 17:34:13   【Print】
Recently, entrusted by Guangxi Non-ferrous Metal Group Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright77%.Asian Metal Copyright, Guangxi Beibu Gulf Equity Exchange Co.Asian Metal Copyright Guangxi is advantageous with abundant mineral resources.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright has conducted asset listing tranfer for the company and received 21 offers based on total listing price exceeding RMB4.Asian Metal Copyright It is also the only solely state-owned enterprise in Guangxi with integration of mineral resources exploration, mining, dressing, smelting, deep processing, trade, scientific research and construction.Asian Metal Copyright5 billion.

It is reported that the company was set up in July 2008 and is a conglomerate led by SASAC based on Liuzhou China Tin Group and other six autonomous-level or national enterprises in accordance of the requirement of “to build non-ferrous metal industry of RMB100 billion” from Guangxi Zhuang Autonomous Region. It is also the only solely state-owned enterprise in Guangxi with integration of mineral resources exploration, mining, dressing, smelting, deep processing, trade, scientific research and construction.Asian Metal Copyright The company has been indeed incapable for debt payment till bankruptcy reorganization.Asian Metal Copyright With shouldering the non-ferrous metal mineral resources in Guangxi, the company bears the responsibility to transform the resource advantages into industrial and economic advantages.

Guangxi is advantageous with abundant mineral resources. The company’s several mineral reserves rank top position in China, including tin, zinc, indium, antimony, tungsten trioxide, rubidium, etc.Asian Metal Copyright77%.Asian Metal Copyright In addition, the company also controls 200 million tons of iron ore, 100 million tons of manganese ore in the international market with total value of non-ferrous minerals exceeding RMB500 billion.

On December 18, 2015, the company submitted bankruptcy reorganization application to intermediate court in Nanning with the reason of inability of due debt payment and insufficient capitals. The court ended the company’s reorganization process and announced bankruptcy on September 12, 2016.

The company has been indeed incapable for debt payment till bankruptcy reorganization. Related sources disclosed that the company saw a decrease to RMB4.Asian Metal Copyright5 billion.Asian Metal Copyright286 billion in total asset with liabilities increasing to RMB9.Asian Metal Copyright It is reported that the company was set up in July 2008 and is a conglomerate led by SASAC based on Liuzhou China Tin Group and other six autonomous-level or national enterprises in accordance of the requirement of “to build non-ferrous metal industry of RMB100 billion” from Guangxi Zhuang Autonomous Region.Asian Metal Copyright29 billion, owner's equity up to a negative of RMB5.Asian Metal Copyright It is also the only solely state-owned enterprise in Guangxi with integration of mineral resources exploration, mining, dressing, smelting, deep processing, trade, scientific research and construction.Asian Metal Copyright005 billion and asset liability ratio as high as 216.Asian Metal Copyright Related sources disclosed that the company saw a decrease to RMB4.Asian Metal Copyright77%.
.Asian Metal Copyright, Guangxi Beibu Gulf Equity Exchange Co.Asian Metal Copyright