Greater China

More CSC Phoenix assets unfrozen

Shanghai: CSC Phoenix, the bankrupt subsidiary of Sinotrans & CSC, announced that Wuhan Maritime Court has unfrozen more assets of the company at the requests of two creditors Chongqing Changjiang Shipping and China Changjiang Bunker Company as the company is currently under a restructure.

The court has also unfrozen equity in two of CSC Phoenix’s subsidiaries Wuhu Changneng Logisitcs and CSC Phoenix (Nanjing), and four vessels “Chang Xun 3”, “Rui Jiang 1”, “Rui Jiang 2” and “Rui Jiang 3”. [10/04/14]


CSC Phoenix assets unfrozen

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