The Secret Behind the Bankruptcy of Huaxia Securities: Causes and Impacts

by sisi1212 on 2008-11-20 09:41:06

6.6 billion yuan of debt awaits repayment

On the 18th, the Beijing No. 2 Intermediate People's Court convened the first creditors' meeting for the bankruptcy of Huaxia Securities Co., Ltd. At the meeting, the administrator of Huaxia Securities announced the status of creditor claims, the standards for reviewing these claims, and the preliminary results of their examination. According to data provided by the administrator, a total of 148 creditors have filed claims. Currently, 140 have been verified, with a preliminarily determined total debt amounting to over 6.6 billion yuan, among which the first creditor is owed more than 2 billion yuan.