October 26th, 2018 
Jason Jiang
Greater China, Shipyards 0 comments
A local court in Jingjiang, Zhejiang has officially declared the bankruptcy of defunct Chinese shipbuilding group JES International Holdings, the Singapore-listed platform of Jiangsu Easter Heavy Industry and seven of its affiliate companies, three years after the yard applied for a debt restructuring.
Once a major private shipyard in China, JES ceased operations in August 2015 due to a major financial crisis and chaos within the Jin family, which controls JES.
In February, JES announced that it had failed to complete a deal to sel…
Read the full article at: https://splash247.com/jes-declared-bankrupt-by-court/