Greater China
STX Dalian restructuring in progress
Dalian: Dalian Intermediate People’s Court has held the first creditor’s meeting on the restructuring of the bankrupt STX Dalian and its subsidiaries.
Up to now, a total of 1331 creditors of STX Dalian have reported their debt information to the court and STX Dalian has a total of RMB480m of employee salaries in arrears.
Currently the court is selecting new investors and making an overall restructuring plan for all the companies. [14/10/14]