Hanjin Discusses Long Beach Sale

Hun Chin is facing financial difficulties due to a court receivership filed in late September. The company has been unable to pay its suppliers, leading to stranded vessels and unpaid bills. To address this, a sale is planned to alleviate some financial burdens. The court is also evaluating the company's health and will review Hun Chin's revival plan to determine its viability or the need for drastic measures.

What financial issue is Hun Chin currently facing?

• They have excess cash reserves.

• They are investing in new technology.

• They are expanding their fleet.

• They are unable to pay suppliers and fees.

What is the purpose of the asset sale for Hun Chin?

• To hire more employees.

• To reduce their financial burdens.

• To expand their business operations.

• To invest in new technology.

What is the court's role in Hun Chin's situation?

• To close down Hun Chin's operations.

• To merge Hun Chin with another company.

• To evaluate the company's health and review the revival plan.

• To provide financial aid to Hun Chin.

What will the court do after receiving the evaluation?

• Provide a loan to Hun Chin.

• Review Hun Chin's revival plan.

• Sell Hun Chin's assets.

• Approve Hun Chin's expansion plans.

What might the court decide if Hun Chin is not viable?

• To invest in Hun Chin.

• To take more drastic measures.

• To hire more employees for Hun Chin.

• To expand Hun Chin's operations.