Cash worries for Taiwanese leathermaker
30/04/2001
Yanin Leather Company Limited was one of three listed Taiwanese companies that last week acknowledged they are unable to repay their unsecured corporate bonds because of liquidity problems.
Hung Fong-hsiao, assistant manager at Yanin, a maker of leather products, reported that the company’s 360 million New Taiwan dollars worth of bonds will expire in June, leaving the company heavily in debt.
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