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Guilin Park Hotel reorganized (debt) Success

Date: 2009-02-20

February 20, 2009,Guilin Park Hotelreorganized(debt)agreementsigning ceremonyin the welcomehall.Vice MayorSuGuilingrowthforest,ChinaOrient AssetCorporate Vice President andOriental HotelHoldingsLtd chairmanChenjiang Xu,general manager ofOriental HotelHoldings LimitedSun JunJianMunicipal SASAC,Labor Bureau,Federation of Trade Unions,more than 30governmentDiecaiguests,as well as severalnews mediareportersattended thesigning ceremonyof the agreementsigned by theforensicprocess.After manylastedmore than two yearsof effort,finally succeeded inrestructuring and reorganizingmy shop(debt),the parties to achievewin-win situation.NewGuilin Park HotelLtd willon this basisremovableburden, strengtheningcapital,embarked on a newpath of development!