#Baoding Tianwei Group

In relation to the recently published news on Baoding Tianwei Group filing for bankruptcy, Baoding Tianwei Baobian Electric Co. Ltd. has issued a disclaimer to clarify the relationship with Baoding Tianwei Group and disclaim connection with the bankruptcy case.

China: Five months after Baoding Tianwei Group became the first state-owned Chinese company to publicly default on a bond payment, the Chinese manufacturer of power transformers will apply for bankruptcy protection, reports Reuters.