No restructuring yet for CSC Phoenix

In a recent shareholder meeting, Li Jiahua, board secretary of CSC Phoenix, said the major shareholders of the company currently has no intention to restructure the company, also it hasn’t received any restructuring offers from other investors.

Li said the company is now talking to several creditors, hoping to get some abatement of debts, but there has been no progress yet.

CSC Phoenix might become the first delisted state owned company in China.
Source: Sino Ship News