|Court order for submission of a rehabilitation plan|
Seoul Central District Court
The 6th Bankruptcy Division
Case No. : 2014 Hoehab 100101 Rehabilitation
Debtor : Nexolon CO., LTD.
291 Seodong-Ro, Iksan City(Sinheung-Dong)
Custodian : Woo Jeong Lee
Custodian of the Debtor is hereby ordered to submit to this Court a rehabilitation plan to address the continuation of the Debtor¡¯s business through means such as the continuing existence of the Debtor, shares swap, transfer of shares, merger, division, merger after division, establishment of a new company or transfer of business no later than by December 19, 2014.
As this Court acknowledges that the Debtor¡¯s going concern value exceeds its liquidation value, this Court renders its decision as provided above under the Main Decision pursuant to Article 220 (1) of the Debtor Rehabilitation and Bankruptcy Act.
November 21, 2014
Presiding Judge Judge Jun Yoon
Judge Jae Hee Lee
Judge Ji Hyun Min