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Scibois deal no panacea for JES's troubles

Whether in mining or forestry, JES has been on a frantic lookout for a lifeline to pull it out of its precarious financial state. Its losses had widened to 552.2 million yuan for 2013, from 112.3 million yuan for 2012 - PHOTO: AFP

IS IT for real this time? Many in the market are now wondering just that, after Chinese shipbuilder JES International made a U-turn on an earlier mining investment, and decided that it might have better luck with a forestry business. The loss-making firm on April 8 announced that it was