Independent journal on economy and transport policy
15:31 GMT+2
Bankruptcy warning for yard
(South China Morning Post)
May 7, 2001
SHIPBUILDING
Agence France-Presse in Taipei
Taiwan's debt-ridden China Shipbuilding Corp (CSBC) may go bankrupt before the end of the year as its losses snowball.
State-run CSBC had planned to make NT$300 million (about HK$71 million) in the second half of 1989 and 1990, but instead it lost NT$6.5 billion during the period, the China Times report said.
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