21. It named two lawyers as receivers to assess operations and find ways to rescue the company. 22. Stressing that no public funds will be used to rescue companies, he said the Government only injects capital into state-owned entities. 23. The troubleshooting chairman and board of struggling Swiss industrial conglomerate Oerlikon Buerhle resigned Friday after rescuing the company from a cash crisis. 24. This would rescue many companies who are technically bankrupt, reduce the costs of imports and minimizing inflationary pressures. 25. Zahid said the Government should embark on proactive measures to rescue ailing companies which had all the potential to grow. 26. A consortium lead by South Korean Samsung Group later aborted plans to rescue the company, putting Fokker into a corporate graveyard saddled with debts of several billion dollars. 27. But the board also voted to extend a period of mediated negotiation to rescue the company which has ceased paying interest on debt. 28. Last week the company announced details of a plan to rescue the company from impending bankruptcy. |