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    1636 — China Metal Resources Utilization News Story

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    Brief: China Metal Resources Utilization Says Mianyang Baohe Taiyue Communications Cable To Restructure Debt

    Picture of China Metal Resources Utilization logoChina Metal Resources Utilization
    25/05/2023 15:26
    May 25 (Reuters) - China Metal Resources Utilization Ltd
 1636.HK :
    * MIANYANG BAOHE TAIYUE COMMUNICATIONS CABLE ALSO INTENDS TO
RESTRUCTURE ITS EXISTING INDEBTEDNESS
    * ACCORDING TO CIVIL RULING DATED 23 MAY, COURT ACCEPTED
TAIYUE
BANKRUPTCY REORGANISATION
    * MAJOR CREDITORS OF TAIYUE HAVE EXPRESSED THEIR SUPPORT FOR
TAIYUE DEBT RESTRUCTURING
    * TRADING IN SHARES WILL REMAIN SUSPENDED UNTIL FURTHER
NOTICE
    * SEVERAL STRATEGIC INVESTORS EXPRESSED PRELIMINARY
INTERESTS IN
INVESTING IN TAIYUE AFTER TAIYUE DEBT RESTRUCTURING
    * BOARD BELIEVES THAT TAIYUE WOULD BE ABLE TO CONTINUE AS A
GOING
CONCERN AFTER TAIYUE DEBT RESTRUCTURING

Further company coverage:  1636.HK 

 ((Reuters.Briefs@thomsonreuters.com;))

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