Daejeon Yusung-dong 1

A. The reorganization company is an enterprise that manufactures and sells various textiles, and the decision to commence the company reorganization procedure was made from December 12, 2002 to this court on September 19, 2003, and the approval of the reorganization plan was granted on January 5, 2004 for the sale of the Daejeon factory site and the relocation of the factory site, and on August 8, 2005.

B. On May 23, 2006, the reorganization company sold the Daejeon Factory Site at KRW 1,93.377 billion, and according to the company reorganization plan, M&A was commenced on August 18, 2006, and was taken over at Escar consortiums on June 25, 2007 through an open bid. The acquisition fund of KRW 98.8 billion on July 6, 2007 was introduced as capital increase.

C. The reorganization company repaid most of the liquidation security obligations with the proceeds from the sale of Daejeon Factory, and with the funds entered into M&A on August 31, 2007, and on September 10, 2007, the creditors paid a total of 35.9 billion won, and according to the rehabilitation plan, the remaining principal of the debt to be repaid by the year 2012 is KRW 6.79 billion, 22.10,000.

D. In order to efficiently manage human resources and reduce costs, the reorganization company organized the direct distribution factory, salt factory, which is a non-profit-making business, in 2004, in 2004, the studio 1 factory which has deteriorated productivity was engaged in human resources restructuring in 2005, and efforts were made to improve profitability by changing products mainly from high-tech products, such as products using high-tech radsty radsty, etc. Accordingly, in 2006, sales profits began to accrue for the first time after the commencement of reorganization proceedings, and as of August 31, 2007, sales profits accrue stable and sales profits are expected to occur, and after the completion of the construction of the rice industry, profitability will be improved.

E. On August 31, 2007, the total assets of the reorganization company as of August 31, 2007, KRW 1,8927,2260,000 for the total assets, KRW 27.68,02 billion for the total assets, and KRW 1,61.599,2 million for the assets.

F. As a result of considering the opinion on the termination of the reorganization company to the creditors' conference of reorganization companies, it seems that there is no particular opinion on the termination of the reorganization proceedings, and that there is a consent to the conclusion of the reorganization proceedings.

2. According to the above facts, the reorganization company shall not only be deemed to have been transferred to a third party with financial capacity, but also become financial and management normalization, but also have been faithfully implemented the reorganization plan until now, and it is not recognized that there is an obstacle to the implementation of the reorganization plan in the future. Thus, the reorganization company shall complete the company reorganization procedure for the subordinate reorganization company under Article 271 (1) of the Company Reorganization Act, and shall be decided as ordered by the order.

Judges Full-time

Judges Dok-woo