THI Tao Heavy Industries defaulted
Posted by: Rockerduck Vella

29 November 2007, ore 12:38

Read 440 times.

We now declare THI Tao Heavy Industries defaulted. THI has been delisted by World Stock Exchange (WSE) and we were unable to contact CEO Chao Mu.

We are starting from this moment our procedures to liquidate issued certificates.

Cash coverage for THI outstanding balance has been set aside. We still maintain cash coverage on our avatar to cover the biggest exposure we currently have.

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