Chen, ceo of Dongfang, is alleged to have left China and not seen as trying to resolve his company's troubles with overdue and upcoming payments to the banks amounting to some RMB1.2bn ($190.5m), according to local reports.
“Chen is in Europe to meet with customers and to close potential new business,” AKM Ismail, finance director based in London at Dongfang, told Seatrade Asia Week. “Chen is concerned over such allegations. He will be returning to China,” he said.
Ismail added that Dongfang is in discussions with the banks on the payment defaults and....... to read more of this story email
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