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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (7845)	1/10/1999 7:42:00 PM
From: orkrious	Respond to of 9980

Did anyone catch this? Full article at Thestreet.com. thestreet.com Guangdong International Trust & Investment Corp. of China plans to file for bankruptcy, with the trust's 135 foreign creditors to receive no priority treatment in the repayment of more than $4 billion in debt. Creditors include Merrill Lynch and Bank of Tokyo-Mitsubishi. A Reuters story on the pending liquidation described GITIC trustees as "shrugging off the impact on China's future credit stance." We'll see if the markets shrug as well. Opps, full story on Reuters biz.yahoo.com Jay