State-Owned Non-Ferrous Metals Firm Files for Bankruptcy

(Beijing) – A state-owned nonferrous metals company that documents show has 14.51 billion yuan in liabilities says it filed for bankruptcy late last year.

Guangxi Nonferrous Metals Group Co., a state-owned enterprise in the southern region of Guangxi, said in a statement given to the Shanghai Clearing House, on February 22 that it filed an application for bankruptcy in Nanning Intermediate People's Court in December.