STX keeps holding company

Kang Duk-Soo, chairman of STX group has announced on June 2 that he is determined to do his best to stabilize the Korean-owned company through maintaining a system of holding company.

Kang said, "As the STX's current group structure, holding company is vital for not only rapid normalization of management but also efficient restructuring," and added, "I will dedicate my best effort to stabilize the management with keeping the holding company system."

Moreover, he also mentioned that he will be assiduous at requests of its creditors' group and make decisions after having close cooperation with them regarding every issue on group management.

Kang said, "If STX group cannot revive, there will be many adverse effects on local economy, getting many workers unemployed with cooperative companies going bankrupt and etc.," and continued, "I will put down my vested rights including management right and gather all my energies for early management stabilization."

Nguồn: http://www.asiasis.com