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CMI applies for debt settlement with creditor banks

Rebecca Kuo, Tainan; Steve Shen, DIGITIMES Asia Wednesday 11 January 2012 0

Chimei Innolux (CMI) has applied for debt negotiations with its creditor banks after the flat panel maker failed to secure a syndicated loan of NT$40 billion (US$1.33 billion) in time, according to sources in the banking industry.

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