(D, PRC) – The restructuring of the ailing scrap firm Scholz Group has taken "another significant step forward". The Chinese metal recycler Chiho-Tiande Group (CTG) has signed a binding debt purchase agreement to acquire the senior bank loans granted to Scholz. With this move, CTG will become the largest single ...
Chiho-Tiande to become largest single holder of Scholz debts, expects takeover in 2016
Chinese recycler also loss-making as sales fall by nearly half in 2015
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