China: Corporate debt crisis spreads/Zhongwang: suspended in stock sector & fraud conviction in U.S.
China Zhongwang Holdings Limited is known as the “King of Aluminum in Asia.” On October 15th, China Zhongwang suddenly announced its subsidiaries “had suffered significant losses and operational difficulties. Despite efforts from various parties, they are unable to solve the current problems on their own.” The two subsidiaries mentioned are the primary companies of the … Read more