Six subsidiaries of STX Dalian Shipbuilding (STX Dalian) on Thursday received formal approval to proceed with the next phase of a restructuring in China, sources say.
According to the Xinhua News Agency and other reputable Asian media outlets the ruling was issued by Dalian Intermediate People's Court.
Citing an announcement released earlier in the day the state-backed publication says officials overseeing the case are asking creditors to submit claims prior to 26 September.
It
