Greater China
Zhongchang Marine gives up on major restructuring deal
Shanghai: Zhongchang Marine announced that it has given up on a major restructuring deal and resumed stock trading. The company had suspended stock trading since June 3 for the potential deal.
Zhongchang Marine said it planned to acquire a technology company and raise funds from investors. However, eventually the two parties didn’t reach any agreements on the acquisition price and other restructuring terms. [05/08/14]