TSL: is life all about money - TSL, jewelry kingdom - Jewelry Industry - Mosaic texture

Order to reduce the Group's financial pressure

, since 1998, the Group continued the sale of assets, debt reduction. There are a large number of significant loss of property transfer. In addition to the sale of assets, debt relief, in June 1998 TSL also launched the "one billion yuan diamond big dumping" within two months for the group in the taking of nearly 300 million yuan of funds, but still no avail. TSL since the end of Suez Asia Holdings debt owed more than 50 million yuan, was the other in 2000, he filed for bankruptcy, other creditors also have joined the recovery of debts. September 25, 2000, TSL is the official bankruptcy court order. TSL has been described at that time the bankruptcy is the most concern to the industry, at the same time feel sad a major bankruptcy.

TSL: is life all about money - TSL, jewelry kingdom - Jewelry Industry - Mosaic texture

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