GREY:TBTEF - Post by User
Post by
kasparovismeon Jan 10, 2017 5:34pm
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Post# 25691042
Sale approval and vesting order to court on jan 18
Sale approval and vesting order to court on jan 18FTI has recommended a sale of assets to HENENGHAIXIN Opertating Corp going to court on jan18.
Secured are paid in full, "Substantial" amount going to unsecured $???? They won't say. ADHOC did not submit any proposal, just letter on dec 20 asking for process to be extended to end of Jan. To which FTI said No
So If anyone wants to buy or restructure you have till wed jan18 to put something together and show up at court. With offer and 10% deposit on hand claiming that FTI did not want to accept bid. Otherwise judge may grant order of sale.