Guangdong Province-based Chinese steel rolling and processing company SGIS Songshan Co., an affiliate of Guangdong-based Shaoguan Iron and Steel Co. (Shaogang), has announced that its wholly-owned subsidiary Shaoguan Iron and Steel International Trading Co. has received the documents sent by the court to be filed for bankruptcy liquidation. Accordingly, the net liability of Shaoguan Iron and Steel International Trading Co. was RMB 67.1134 million ($9.8 million).