Breached Contracts

Contract Number: 1112205331 issued on March 30, 2005, 12:55 pm and became overdue for payment on April 04,2005

Company Name: China Hua Dong Corp Ltd
Address: Rm 602 4 Yan an West Rd

City: Shanghai P R China
Contact: Niu Li Ming
Telephone: +852 2737 3992
Fax: +852 5239 4359

Shipping to China Hua Dong Corp Ltd located in Shanghai P R China

Client ordered 30000 MTW of our material code 50-65 for 12 months at a price of $ 229.00 USD to be unloaded in China - Shanghai
Client currently owes $ 82,440,000 USD from April 04,2005 which is a full breech of contract on the initial amount of $ 6,870,000 due on April 04,2005
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: