XMXYG to absorb Jiangsu Delong’s debt against Xiamen Xiangyu Co.

2024-07-29 Producer News, Market News China

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Xiamen Xiangyu Co. announced that its parent company, China’s trading giant Xiamen Xiangyu Group (XMXYG) would acquire the debts of Jiangsu Delong Nickel Industries.

Xiamen Xiangyu Co., a publicly traded company with revenues exceeding USD 60 billion last year, announced on Monday that its state-owned parent company, XMXYG, would assume responsibility for any claims related to Jiangsu Delong, the troubled stainless steel manufacturer facing debt issues. Continue Reading? Please click box below!

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