Shanghai: The listed shares of CSC Phoenix have officially gone into the “Special Treatment” category on the stock market yesterday. Its share price also reached the declining limit on the first day.
Several securities companies reckon that there is a significant uncertainty on the company’s future operating capability. A shipping analyst said that it is almost impossible for CSC Phoenix to improve its situation by normal operating activities.
A spokesperson from CSC Sinotrans told SinoShip News that the group is working on solutions to save CSC Phoenix, however, there hasn’t been any viable ones yet. [26/04/13]
