Lisited company U-right intrenational liquidation
In Hong Kong and the mainland with a total of 600 clothing stores distribution of U-Right International, the bank was a creditor to apply for liquidation, Hong Kong, more than 500 employees have been cut into three.
U-Right International, with a total of 600 clothing stores distribution in Hong Kong and the mainland was applied for liquidation by creditor of bank. The 500-plus employees in Hong Kong have been cut into three. The financial difficulties not only come from individual reasons, but also reflect the problems faced by Hong Kong retail industry. The market of summer and fall this year is light, described by the retail market. It's obviously suffered from the finance crises.
U-Right brands in Hong Kong belong to U-Right International, having nearly 100 branches. Deutsche Bank is the creditor. The provisional liquidator has taken over U-Right, finding its "white knight" to fight to save. Part of the loss-making retail stores have been closed down, and laid off 160 employees.
U-Right International financial difficulties can't flow, maybe it's because of the company's own operating problem, and may not be directly related to financial crises. But in the larger environment deteriorates, it is bound to increase the difficulty of finding buyers.
It is also concerned that banks now have self-tightening credit, other companies have also felt the financial pressure on working capital, feeling bank lending conservative than before, an increase of operating difficulties.
It is also concerned that the current credit tightening to protect banks, other companies feel the financial pressure on working capital, that bank lending conservative than before, an increase of more difficult to operate.so it's very concered the recent local tighter interest rates.
- 1 China to launch stock exchange for smaller companies
- 2 Obama bringing hefty agenda on European trip
- 3 GM sees bankruptcy risk
- 4 For Wall Street, March is best month since 2002
- 5 North Korea missile consistent with satellite: U.S.
- 6 HK, Shenzhen agree on innovation plan
- 7 $6.6b Gov't deficit recorded
|
- 1 Instant View: Citigroup turns in profit, shares rise
- 2 Lehman's Fuld blames perfect storm, not accounting
- 3 Palm slides after losing key exec, RadioShack
- 4 Citigroup profit $4.4 billion, tops Street view
- 5 Goldman faces pressure, reform momentum grows
- 6 Toyota to pay $16.4 million U.S. fine, denies wrongdoing
- 7 Viacom says CEO gets 40 percent jump in base salary
|
|
