BRIEF-Youbisheng Green Paper announces initiation of preliminary insolvency proceedings

Written By Unknown on Jumat, 15 Agustus 2014 | 16.47

August 15 Fri Aug 15, 2014 3:23am EDT

* Announced on Thursday initiation of preliminary insolvency proceedings and appointment of preliminary insolvency administrator

* Said that in coordination with Supervisory Board, insolvency administrator is going to gain overview of situation, secure assets and initiate structured liquidation process


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