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End in Sight to Bankrupt Machine Tool Maker’s Woes

2019年11月18日 20:28 来源于 财新网
Court approves plan for Shenyang Machine Tool Group to be taken over by firm owned by central government
Shenyang Machine Tool was once a powerhouse in its area, distinguished as the world’s largest machine tool maker by revenue in 2011. Photo: VCG

Bankrupt regionally-controlled machine-tool maker Shenyang Machine Tool Group Co. Ltd. and a related listed unit will be taken over by a centrally-administered state-run firm that has already made several similar acquisitions, according to a newly approved reorganization plan.

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