A123 Systems fka AONEQ

[BluSkies]

Ch 11 gives a company the opportunity to hold off paying its debt. Wanxiang is providing 250M and 350M into A123. It is up to the courts to decide how and when the debt is paid off. However, the unsecured and secured debts equal 376M total which is not very much when you have a billion dollar behemoth like Wanxiang absorbing it.
"Ni added that A123 would not be merged with Wanxiang's lithium-ion battery unit."