Recapitalization of Chongqing Steel
Four Rivers Steel Restructuring Fund realized the restructuring and transformation of Chongqing Steel in 2017. Four Rivers has implemented a series of turnaround initiatives in Chongqing Steel and achieved tremendous success in 150 days. Through 2018, Chongqing Steel achieved revenue of CNY22.6 billion and net profit of CNY1.8 billion (YoY growth of 458.57%). The public company has successfully been removed of its “ST” status.