Hanjin white knight can be any firm – Lopezhome/Business/Top Business/Hanjin white knight can be any firm – LopezAny company — local or foreign — can take over bankrupt Hanjin Heavy Industries and Construction Co. Philippines, a Cabinet official said amid concerns that the sale of the Subic-based shipbuilder could compromise national security. “Hindi, kahit sino naman (No, anyone can),” Trade Secretary Ramon Lopez said when asked if the government preferred that a Filipino firm would buy Hanjin. The Trade department has said that it would help Hanjin acquire funding by attracting investors. After news of Hanjin’s bankruptcy broke, Lopez said two Chinese firms had expressed interest. Defense Secretary Delfin Lorenzana also said that shipbuilders from the United States, Japan, Indonesia, Australia and Turkey had expressed interest to take over Hanjin.
Source: Manila Times February 22, 2019 16:59 UTC