Wednesday, March 29, 2017

Park Samgu-creditor consortium put "River Rivers' clash



[Korea's financial standing hyomun newspaper reporter] Kumho Asiana Group Chairman Park Samgu are for industrial consortium banks conditionally accepted decision of the creditors' objections, Kumho Tires, walking a parallel line. And the creditor side entrance asked Chairman Park proving the funding capacity of the consortium currently configured, Pak President has expressed the opinion that the current consortium is enough.

According to the industry, including Industrial Bank 29 days Creditors will send an official letter to you to decide whether or not billed to the first number of books next month on the 19th day to the night side of the president. The last 28 days, the creditors are issued a conditional permit conclusions about the night the president claimed "first consortium allowed the number of licensees. Allow the consortium's chairman night, but the decision after talking hagetdaneun determines the conditions of the consortiums configuration details.

Which in turn is interpreted to mean that he would not allow the consortium is known that the current Chairman Park this configuration. Chairman Park Samgu side last month said it secured all necessary funds acquired from several financial investors. At the time, Kumho Asiana Group has said that "has been working in various fields for the Kumho Tires argument, saying," it ended fund was also concerned at the tip.

But creditors consortium of Chairman Park First E. this is not stated in the Purchase volume agreements, Chairman Park in the last 13 days, saying 'without even shareholders meeting part of the consortium first consortium disallowed the number of licensees is unfair' I will give up the first appraisal rights do not allow the consortium "he said. Creditors to hold a shareholders' meeting in the last 28 days of the current consortium concluded it means difficult to recognize.

In fact, the president has said boggling night against the decision of the creditors' side made the comment "not worth reviewing claims" about the Consortium currently configured appeal. Chairman Park side after the decision of the creditors from 'Industrial Bank had assumed the agenda of shareholders meeting late last 22 days, 28 days turned down the consortium allowed, saying, "Industrial Bank to a consortium granted to agreements on legal impossibility, Double Star they can not properly executed letter of intent to submit such evidence to the accused in the case of a consortium, has been found to allow the media, he said.

Following are saying 'This was rejected by the consortium allowed the agenda for the same reason, it hagetdaneun decide whether to allow you to submit a financing plan generally determined yiyulbae not back and forth does not fit' 'can not be understood, not worth the Review said appeal represents a doctor.

Meanwhile, the first double star in China named the bidder is taking a cautious stance on the dispute with the creditors and current Chairman Park. The first priority of talk only to monitor the attitude of a number of rights as a negotiator.

Double Star side said, "First, seeing as negotiators kept in the acquisition process, said" the problem is related to the night meeting with the intention that the creditors' jeongjungdong 'will'.



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