The restructuring plan for Loncin Group, the majority shareholder in the parent company of German metals recycler Scholz, has received the necessary approvals from Loncin's creditors and the responsible court. The private investment firm China Partner Equity Investment Fund Management and the state-owned investment firm Chongqing Development Investment can proceed with plans to take a stake in the Chinese concern....
Court and creditors approve restructuring plans for majority owner of Scholz Recycling's parent group
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