Daye Special Steel intends to participate in Zhejiang Gross bankruptcy reorganization-Shanghai Metals Market

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Daye Special Steel intends to participate in Zhejiang Gross bankruptcy reorganization

Translation 08:56:03AM May 16, 2019 Source:Shanghai Securities News China Securities Network

SMM News: Daye Special Steel announced that the company intends to participate in the bankruptcy reorganization of Zhejiang Gross Seamless Steel Tube Co., Ltd., the company will provide a total of 491.55 million yuan of restructuring funds, through the acquisition of Gross equity, Obtain the "restructuring Investment Agreement" signed by all parties. At present, Gross is one of the few enterprises that can produce thick-wall and thin-wall large-diameter seamless steel pipe at the same time, with an annual production capacity of 80,000 tons of seamless steel pipe.

Daye Special Steel intends to participate in Zhejiang Gross bankruptcy reorganization

Translation 08:56:03AM May 16, 2019 Source:Shanghai Securities News China Securities Network

SMM News: Daye Special Steel announced that the company intends to participate in the bankruptcy reorganization of Zhejiang Gross Seamless Steel Tube Co., Ltd., the company will provide a total of 491.55 million yuan of restructuring funds, through the acquisition of Gross equity, Obtain the "restructuring Investment Agreement" signed by all parties. At present, Gross is one of the few enterprises that can produce thick-wall and thin-wall large-diameter seamless steel pipe at the same time, with an annual production capacity of 80,000 tons of seamless steel pipe.