EMRISE CORPORATION Announces Estimated Date and Amount of Third Liquidation Dividend Distribution to … – GlobeNewswire (press release)

WOODBRIDGE, N.J., Sept. 23, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a third liquidation dividend distribution to its stockholders totaling approximately $1,300,000, or $0.120 per share during the week of October 24, 2016 (the Distribution).  When…

No Artificial Plan for Merger, Abolition of Shipbuilding, Steel and Petrochemical Companies – BusinessKorea

The government mapped out a restructuring plan to give financial and tax support to self-restructuring companies without the artificial merger and abolition of shipbuilding, steel and petrochemical companies. With an eye towards inducing R&D and M&A, the government is planning to make good use of the Korea Development Banks financial power. Although the date is…

China state-owned non-ferrous metals group declared bankrupt – ecns

State-owned Guangxi Non-ferrous Metals Group Co. in south China’s Guangxi Zhuang Autonomous Region has been declared bankrupt, despite a nine-month restructuring push. According to an announcement published by the intermediate people’s court of Nanning City on Sept. 12, the company had neither submitted a restructuring plan within six months of the court’s initial ruling, nor…