Hanjin ‘very sensitive’ to safety fears over possible ‘Chinese language takeover’ — SBMA chief
(philstar.com) – February 6, 2019 – Eleven:59am
MANILA, Philippines — Shipbuilder Hanjin Philippines — which currently declared financial effort after it defaulted on over $400 million in bank loans — is “very sensitive” to safety considerations raised following experiences saying Chinese language corporations occupy expressed hobby in taking on the Philippines’ most difficult shipyard.
That became in response to Subic Bay Metropolitan Authority Chairperson Wilma Eisma, who mentioned Hanjin is in talks with “loads of white knights” to attach the financially-distressed company.
“You may perhaps perhaps perhaps perhaps presumably presumably be comely, it must be Hanjin’s option on whether or now not who their white knight must be they most frequently must be functional,” Eisma mentioned in an interview with ANC on Wednesday.
“But the final time I spoke to Hanjin which is spherical two weeks ago, they perceive the problem of the country they most frequently fabricate admire the station on have to aloof a Chinese language company approach in to capture over or to continue the operations in Hanjin,” she added.
“So I hang they are very sensitive to those considerations.”
An Olongapo City court docket final month favorite rehabilitation complaints for Hanjin Philippines because it struggles to pay $412 million in blended loans from 5 Philippine banks, in what frequently is the effective company default within the country’s historical previous.
The timid company’s woes c