BEIJING, Aug 5 (Reuters) - A Chinese court said it has accepted bankruptcy reorganisation proceedings brought by a creditor of Jiangsu Delong Nickel Industry, China's third-largest stainless steel company, and appointed a Beijing law firm as the firm's administrator.
The People's Court of Xiangshui County said in a statement on Friday it had appointed the Beijing office of King & Wood Mallesons as administrator of Jiangsu Delong, which is not listed.
Last month, Xiangshui Guanjiang Xincheng Construction and three other firms controlled by Xiangshui county, where Jiangsu Delong is based, asked a court there to approve bankruptcy reorganisation for Delong and three related firms.
Creditors should file their claims against Jiangsu Delong before Nov. 1, the court said in a separate statement.
Jiangsu Delong was among a wave of Chinese firms that invested billions of dollars between them in smelting plants in Indonesia, but has been hard hit by a downturn in the industry.
BEIJING, Aug 5 (Reuters) - A Chinese court said it has accepted...
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