Tianjin Huifeng Energy had applied to the court on 10 July to restructure NJTC as the shipowner has failed to pay back bunkering fees amounting to RMB19.45m ($3.13m).
Formerly listed on the Shanghai Stock Exchange, NJTC is the first state-owned enterprise to get delisted after it chalked up four consecutive years of net losses.
In the first quarter, NJTC continued to post a loss of RMB255.51m, narrowing from a deficit of RMB359.41m in the same period of last year.
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