China Metal Resources Advances Restructuring Efforts

China Metal Resources Utilization Ltd. (HK:1636) has released an update.

China Metal Resources Utilization Limited has held the second creditors’ meeting to review progress and propose future plans for its subsidiaries undergoing bankruptcy reorganization. Despite reporting a net loss, the subsidiaries have resumed production, leading to sales revenue of RMB1,450 million and providing nearly 200 jobs. The company is focusing on operational improvements and seeking quality investors to meet restructuring goals.

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