CSC Phoenix facing liquidation

Shanghai: CSC Phoenix announced today it has received a notice from Wuhan Intermediate People’s Court that the court has decided to accept the case that two creditors of CSC Phoenix, Zhuhai Yamen Energy-Saving Products Co and Nantong Tianyi Ship Supply Co requested to liquidate CSC Phoenix.

CSC Phoenix will suspend the trading of its stock on December 27 until the court makes the final ruling on the case. A creditor’s meeting will also be held on December 30.

CSC Phoenix said it will delist from Shenzhen Stock Exchange if the court orders it to liquidate the company. [28/11/13]

Creditors ask for liquidation of CSC Phoenix

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