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ShengdaTech Seeks Bankruptcy With About $181 Million in Debt

ShengdaTech Inc., a maker of nano precipitated calcium carbonate for the tire industry, sought bankruptcy protection from creditors without citing a reason.

The company listed $295.4 million in assets and $180.9 million in debt as of Sept. 30 in Chapter 11 documents filed today in U.S. Bankruptcy Court in Reno, Nevada.