South Korea's SKN seeks to buy debtor Shantou PS as bills reach us15 million

摘要

Sydney-South Korean trading firm SK Networks is awaiting approval from China's municipal government of Shantou for its acquisition of local polystyrene producer Shantou SOE First Polystyrene Resin Co,which has amassed a debt of us15 million to SKN,industry sources said in mid-March.Approval is likely to be received by May.