Greater China

Dongfang offloading assets

Shanghai: Dongfang Shipbuilding may be forced to offload assets, local media report. Anhui’s largest private shipbuilder had to delist from the London Stock Exchange earlier this year as orders ground to a halt and debts spiraled beyond the RMB1bn mark. A Singaporean restructuring firm FTI Consulting is now involved in stripping down the assets of the yard plus coming up with a recapitalization plan, local media claimed.  [12/09/12]


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