Chinese private shipyard Taizhou Kouan Shipbuilding has entered into a court-led restructuring after it was declared bankrupt by a local court. The ruling came after the court froze RMB90m ($12.6m) worth of the shipyard’s assets at the request of creditors in June. According to the court, the...
https://splash247.com/taizhou-kouan-shipbuilding-enters-court-led-restructuring/