Accordingly, a market was developing for financial restructuring advisory services.

A major part of the financial restructuring will be a new players' pool.

"Over the past year, the company has made real progress with its financial restructuring," he said.

The company said it had also met with its biggest vendors to discuss a possible financial restructuring.

"Without the financial restructuring, all bets are off," he said in an interview.

The operations of the company are not affected by the financial restructuring.

"Should the financial restructuring not be completed, the company would face a liquidity problem."

Talks with banks have been going on for some months, and today's statement said a financial restructuring must be completed by next spring.

As in the rest of Asia, repair will require huge financial restructuring.

The company went into receivership in 1921 but rose again after financial restructuring.