Beijing Pan-Cheng Vanadium Trading faces liquidation

摘要

Beijing Pan-Cheng Vanadium Trading Ltd Co, the world’s largestvanadium products supplier, will be liquidated after a decision madeby the board of Panzhihua Iron and Steel Group Vanadium andTitanium Resources Company on March 15.Panzhihua Iron and Steel Group and Hebei Iron and Steel Companyreached an agreement to liquidate joint venture Pan-ChengVanadium on “development” grounds. They will set up a group whowill be responsible for the liquidation, and for cancelling andclearing up accounts work, according to Panzhihua Iron and Steel.