Dalian Shipbuilding Industry Offshore, a subsidiary of Dalian Shipbuilding Industry Co (DSIC), has entered court-ordered restructuring due to debt issues.
According to an exchange filing from China Shipbuilding Industry Co, which wholly owns DSIC, Dalian Intermediate People’s Court has appointed King & Capital Dalian Law Firm as the administrator of the yard’s restructuring.
The court ordered Dalian Shipbuilding Industry Offshore’s restructuring as the company was unable to pay service fees totalling CNY 7.95m
