Fangda Special Steel gives up its participation in Sichuan Dasteel's restructuring investment
2019-10-12 15:53:06 [Print]
On the evening of October 11, Fangda Special Steel disclosed that they abandoned its participation in Sichuan Dasteel's restructuring investment. Fangda Special Steel said in the announcement that in view of the poor operating performance of Dasteel Group and the financial situation, there are many uncertain factors in the future operation. At present, it does not meet the basic requirements of Fangda Special Steel's investment acquisition, so Fangda Special Steel decided to abandon this investment opportunity. In addition, Fangda Special Steel said in the announcement that it will participate in the restructuring investment project of Dasteel Group under the premise of the company abandoning this business opportunity.
