11. Metro Pacific Corp., the flagship company of First Pacific Co. Ltd. in the Philippines, is part owner of the Bonifacio Land consortium. 12. Hanbo collapsed in January under massive debts at its flagship companies, triggering allegations that it obtained loans without sufficient collateral in return for kickbacks. 13. Hanbo Steel, a flagship company of the troubled Hanbo Group, is under court receivership. 14. However, sales of flagship audio-visual company Siew National grew by only five percent to around eight billion baht and net profit declined over the period. 15. Indian industrialist Ratan Tata has moved to defuse a corporate furore by denying the existence of a specific takeover threat against the flagship company of his Tata group. 16. Lee was being investigated over allegations that preferential loans were extended to the debt-stricken Hanbo Group, whose flagship companies have applied for court receivership. 17. Lee is being investigated over allegations that preferential loans were extended to the debt-stricken Hanbo Group, whose flagship companies have applied for court receivership. 18. President Kim Young-Sam ordered an investigation Monday into the debt-ridden Hanbo Group after the failure of its flagship companies sparked accusations of high-level corruption. 19. South Korean prosecutors Thursday issued summons for Chung Tai-Soo, owner of the Hanbo Group, whose flagship companies have collapsed under heavy debts. |
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