sufficient funds to operate its business and had to cease the production of hot rolled coil, which further resulted in the Company’s liquidity problem and inability to repay a large amount of debt. Through the
Company’s liquidity problem and inability to repay a large amount of debt. Through the years, the Company engaged in several debt restructurings, as in 2010, where the Company entered into an agreement for
range of investors; (4) having financial readiness without any reasonable ground to believe that the financial status may cause damage or any other circumstance indicates an ongoing financial problem; (5
ground to believe that the financial status may cause damage or any other circumstance indicates an ongoing financial problem; (5) having a clear action plan which demonstrates determination for providing
circumstance indicates an ongoing financial problem; (5) having a clear action plan which demonstrates determination for providing services of trading investment units in the long run; (6) having sufficient
99.57 million become overdue. Due to liquidity problem and receiving notices demanding for payment from major creditors, thus to prevent bankruptcy situation, GSTEL had submitted the petition requesting
cannot establish large building because of environment problem and others from government, this contract will be cancelled and the seller will return deposit or deposit with interest at commercial bank
the company faced the problem of the fluctuation of raw material cost but it slightly impacted on the cost of goods sold. Since the company has strictly controlled and managed the inventories very well