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News / New hosted project: Micro Space
« on: September 14, 2012, 08:54:07 AM »
Quote from: ;
The list of companies to be liquidated was announced Thursday,moncler, but staff at the companies
listed and banks that are owed money seem less apprehensive than would be expected. One
banking official said that one of the companies which his bank has loaned money to,jordan,
effectively went bankrupt one week ago and is in the process of being auctioned off. This
company has already been liquidated so how can it be on a list of companies facing
liquidation.
People wondered why a hospital was on the list because it is a hospital,doudoune moncler, not a company and
went bankrupt while still under construction. A staff member of a financial institute said that
it would make no difference if the list included a hundred companies because nobody would
lend them money anyway.
In the same context,air jordan, money tight 'S' and 'H' conglomerates saved face as only a couple of
their companies made the list,louboutin, which were already on the verge of bankruptcy. The 'K'
group had no subsidiaries on the list,burberry soldes, yet it owes massive amounts of money to the banks.
Some companies on the list can be called hollow liquidations because they had one president
and just three or four staff members. These liquidations do have a positive side,louboutin pas cher, because it is
a step by step approach as in July they will list conglomerates in the top sixty facing the
closure of some of their affiliates. To most however,burberry, the liquidation list has lost its credibility
because it contains companies in the process of bankruptcy and some companies not even
worth declaring bankrupt.
Criticism that the list is inflated is worth consideration. A reporter from a Japanese economic
periodical said he was disappointed because he couldn't find anything tangible on the list and
asked if people could believe the FSC's intention of pressuring banks to call in loans from
conglomerates not pursuing the 'big deal'.
(Cho Hee-chun,louboutin pas cher, hccho@chosun.com)
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