United States

Mitsubishi unit Hernic Ferrochrome Proprietary Limited commences business rescue proceedings

Thursday, 21 Sep 2017 10:50pm EDT 

Sept 22 (Reuters) - Mitsubishi Corp <8058.T>:* Says its unit Hernic Ferrochrome (Pty) Ltd (Hernic), has been placed in business rescue in terms of the provisions of the Companies Act (Act No. 71 of 2008) of South Africa & Regulations, due to financial hardship .