Breached Contracts

Contract Number: 1078860296 issued on March 9, 2004, 2:24 pm and became overdue for payment on April 02,2004

Company Name: Group Crown Limited
Address: 8C. King Fai Building
112 Sahukeiwan Main Street
City: East Honk Kong
Contact: Peter Tung
Telephone: 852-9551-9826
Fax: 852-2967-5125

Shipping to Group Crown Limited located in East Honk Kong

Client ordered 40000 MTW of our material code 200-206 for 12 months at a price of $ 145.00 USD to be unloaded in China - Shanghai
Client currently owes $ 69,600,000 USD from April 02,2004 which is a full breech of contract on the initial amount of $ 5,800,000 due on April 02,2004
Client has not made any attempt to settle this debt nor to make any payment thereon and is assumed to be financially insolvent.
Client has made the following comments related to this posting: