Posts Tagged ‘bankruptcy’

Taiwanese PHS Service Provider Goes Bust

First International Telecom Corporation, the only telecom carrier that provides low-power communication system services in Taiwan, has announced its bankruptcy and its users will be taken over by other carriers.’s Parent Internet Company Files For Bankruptcy Protection

CDC Corporation, the first Chinese Internet company listed in Nasdaq, has reportedly filed for bankruptcy protection. The Hong Kong-listed Inc., a subsidiary of CDC Corporation, announced that its website will not be affected by bankruptcy protection of the parent and be operated continually and normally. CDC said that the company has filed a voluntary […]

Nortel: Bankruptcy Protection Will Not Affect China Office

According to a representative from Nortel (NT) China, the bankruptcy protection announced by Nortel last week will not affect the formal operation of its subsidiary in China.

Global Financial Crisis Hits Hong Kong’s Tai Lin Radio Service

Because of HKD100 million debt and other financial problems, the Hong Kong-based electronics retailer store Tai Lin Radio Service Limited announced its bankruptcy and operations at its 13 stores have now been suspended.

Commit To Stop Operations, Pay Employees

Commit, a Chinese TD-SCDMA chip manufacturer which may face bankruptcy because of a loss of capital, has announced plans to stop business operations and pay off the defaulted salaries and travel expenses to its employees.