The struggling trading house that until recently was China’s top copper merchant has agreed a partnership with a Russian think tank and a Hong Kong company, a deal it said would help it resolve its debt crisis.
Maike Metals International Ltd. announced the partnership with the Chinese branch of the Social Conservative Policy Center, linked to the ruling United Russia party, and also with Hong Kong-based China Sea Inspection Industry Group Co., in a statement on WeChat.
The WeChat statement offered no financial details of the partnership, but said that it would help Maike “overcome operational difficulties” and “resolve major debts”.
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