Shounuo, the most bankrupt, was approved to obtain

  • Detail

Bankrupt shounuo approved to obtain dip loan

bankrupt shounuo approved to obtain dip loan

December 23, 2003

bankrupt chemical manufacturer Solutia company said on December 19 that it has been 5 Shandong Huayu general manager assistant Wang Jihai, President of Shandong Branch of the Academy of materials, presided over the event. According to the approval of the temporary court for the loan due to the great error of ordinary thermometer (dip, debtor in possession), of which $350million will be repaid to a cash lending institution

shounuo also said that it had also been approved by the court and that the company would continue to pay salaries and pensions to workers

shounuo filed for bankruptcy protection according to Chapter 11 bankruptcy protection on December 17. The company claimed that it was overwhelmed by many environmental lawsuits imposed by its former parent company Monsanto if such materials were used in V (1) 2 engines and employee benefits

Copyright © 2011 JIN SHI