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China Metal Resources Units to File for Bankruptcy

MT Newswires ·  06/06/2022 12:06

12:05 AM EDT, 06/06/2022 (MT Newswires) -- China Metal Resources Utilization or CMRU (HKG:1636) said two China-based subsidiaries intend to restructure their existing indebtedness through the enterprise bankruptcy law.

The restructuring will involve Mianyang Tongxin Copper and Mianyang Jin Xunhuan Metal Materials filing a voluntary application for bankruptcy reorganization with a court in Mianyang City, Sichuan province today, June 6.

The copper products manufacturer said major creditors of the relevant units have expressed their support for the debt restructuring plan, which is subject to court approval, according to a Monday disclosure.

Price (HKD): $0.12, Change: $0.00, Percent Change: 0.00%

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