Tianjin court orders Tewoo restructuring

By Alice Huang
03 Aug 2020

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 ...

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