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HYNIX' FINANCIAL TROUBLES A LOSE-LOSE GAME: SECURITIES FIRMS.
SEOUL, Sept 3 Asia Pulse - South Korea's financial markets are likely to face a setback regardless of whether Hynix Semiconductor Inc. creditors bail out the debt-ridden company or places it under court receivership, securities sources said Monday.
Foreign investors will hardly welcome news of a new financial assistance package for Hynix as it could lead to a fall in the country's sovereign rating, said Yoon Jae-hyun, an analyst at Sejong Securities Co.
Yoon added that financial aid to a company with little chance of getting its management back on track could saddle financial institutions with another load of non-performing loans.
If Hynix is placed under court receivership, financial firms will have to bear 3.1 trillion won (US$2.41 billion) in further loss provisions, and Hynix' subcontractors will face back-to-back bankruptcies, the ...
- S Korea - Onse files for court receivership.
- News wire article from: Asia Africa Intelligence Wire April 15, 2003 700+ words
...Internet and fixed-line phone service provider, has filed for court receivership due to several cash shortage. The move comes after it failed...debt of Won420 bil at end-2002. Onse is 28.3% owned by Hynix Semiconductor. There are 10.6 mil broadband Internet subscribers...
- BOE TECHNOLOGY'S KOREAN UNIT GETS OK FOR COURT RECEIVERSHIP.
- News wire article from: AsiaPulse News May 31, 2007 700+ words
...The Chinese LCD maker bought the South Korean flat panel unit from Hynix Semiconductor Inc. (KSE:000660) in 2003. However, the company applied for court receivership in September last year, hit by liquidity turmoil as an industry-wide...
- BOE Technology's Korean unit gets approval for court receivership.
- News wire article from: YON - Yonhap News Agency of Korea June 1, 2007 700+ words
...company. The Chinese LCD maker bought the South Korean flat panel unit from Hynix Semiconductor Inc. in 2003. However, the company applied for court receivership in September last year, hit by liquidity turmoil as an industry-wide glut...
- Key Korean creditors agree to put SK Global under court receivership.
- News wire article from: Europe Intelligence Wire July 14, 2003 700+ words
...troubled trading unit of SK Group under court receivership in pursuit of a purely domestic bailout...Hana Bank to put SK Global under court receivership," Kwon In-ki of leading local...the decision to put SK Global into court receivership was inevitable as local creditors...
- Hana Bank proposes court receivership for ailing SK Global.
- News wire article from: Europe Intelligence Wire July 14, 2003 700+ words
...troubled trading unit of SK Group under court receivership. The proposal made to a steering...committee to endorse the proposed court receivership before the scheme is put to all domestic...will approve the plan to file for court receivership at the steering committee," a Hana...
- Korean creditors meet to put SK Global under court receivership.
- News wire article from: Europe Intelligence Wire July 14, 2003 700+ words
...trading unit of SK Group under court receivership. The proposal was made...approve the plan to file for court receivership at the steering committee...Bank spokesman said. Under court receivership, an ailing firm would usually...
- Jinro placed under court receivership.
- News wire article from: Asia Africa Intelligence Wire May 15, 2003 700+ words
...yesterday it will place Jinro under court receivership, siding with Goldman Sachs in the...court placed a domestic company under court receivership because of a petition from a foreign...objected to having Jinro placed under court receivership, noting that most creditors had...
- SK Global files for court receivership for US operations.
- News wire article from: Europe Intelligence Wire July 22, 2003 700+ words
...Group, said that it had filed for court receivership to liquidate its US operations...last week to put SK Global under court receivership following disagreement with their...debt at a discount. The proposed court receivership has to be approved by all creditors...
- Creditors seek SK Global's court receivership next week.
- News wire article from: Europe Intelligence Wire July 24, 2003 700+ words
...SK Group, should be put under court receivership next week. The proposal came as...bail out the company or put it under court receivership. Hana has led a domestic bailout...liquidation of its activities abroad. Court receivership usually freezes an ailing firm...
- Domestic creditors approve SK Global's court receivership.
- News wire article from: Europe Intelligence Wire July 24, 2003 700+ words
...largest conglomerate, SK Group, under court receivership despite opposition from foreign creditors...Hana president Kim Seung-Yoo said court receivership was inevitable because of disagreements...domestic creditors went ahead with the court receivership, Yonhap news agency reported...
Source: HighBeam Research, HYNIX' FINANCIAL TROUBLES A LOSE-LOSE GAME: SECURITIES FIRMS.