November 17, 2017 / 3:13 PM / in a month

BRIEF-Chongqing Iron & Steel says creditors voted for reorganisation plan

Nov 17 (Reuters) - Chongqing Iron & Steel Co Ltd :

* Reorganisation plan was passed by secured creditors group by voting​

* Reorganisation plan was passed by ordinary creditors group by voting​

* Staff creditors group reviewed and approved reorganisation plan on Nov 16

* Amount of secured creditors claims RMB9.61 billion, ordinary creditors claims RMB27.54 billion, staff creditors claims RMB123.1 million

* Administrator will submit reorganisation plan to FIPCC for approval in accordance with laws​

* If reorganisation plan not approved by court, co at risk of being declared bankrupt and of bankruptcy liquidation​

* In case co is declared bankrupt, A shares of co will be delisted​ Source text for Eikon: Further company coverage:

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