China Zhongwang Holdings Co, a maker of aluminium products, said on Friday it had been notified of "severe difficulties" at two subsidiary companies, as Chinese prices for the metal hit a 15-year record high.
Liaoyang Zhongwang Superior Aluminium Fabrication Co and Liaoning Zhongwang Group Co are facing problems due to "major losses and business hardship," Zhongwang said in a statement to the Hong Kong stock exchange, without elaborating.
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