Therefore, every angle, the SMI is a good shell resource .2008 on February 14, Sino Logic Limited and Star U.S. media entered into a memorandum of understanding to resume negotiations in order to continue to complete the Star Cinema and 35% stake in U.S. acquisitions. Tan Hui will be the capital assets as a studio program has been operating platform is clear. .raising money to reorganization, the off debt, expand the registration capital assets into the open .Even with the above advantages, In this regard, Qin-hui began to wield the sword to some of its transformation, in order to clear away obstacles into assets.
first step, the SMI blood, start restructuring .2008 Annual Report of the display, Qin Hui, a wholly owned by SMI and called Cenith Capital Limited of the BVI companies to SMI provides a reorganization of capital - as of March 31, 2008, SMI bank and cash balances mainly by its controlling shareholders and third parties SMI unused financing for the payment of SMI will be generated at the balance sheet restructuring expenses. .second step, the star left the United States international disputes and litigation through the repayment of debt, reconciliation, etc. to be addressed, to 2009 January 7 Japan basically completed this work. .third step, a substantial increase in registered capital, the assets into the future, financing preparation. to SMI from the 100 million registered capital increased to 500 million HK dollar.
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