Tianjin court orders Tewoo restructuring
Chinese state-owned commodities trader Tewoo Group Co, which has been under financial pressure for more than a year, is facing a possible restructuring.
Tewoo received a notice last Friday from the Tianjin People's High Court. The notice said the court has accepted an application from a domestic creditor of the company in China to kick off a reorganisation of the embattled firm, it said in filing on Monday. The filing did