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Apex Tells A Different Story On Arrested Chairman







Apex Tells A Different Story On Arrested
Chairman

Apex Tells A Different Story On Arrested
Chairman
01/05/2005 03:32 AM

Last week, we noted (with surprise) the story that Apex Digital's chairman had been arreste d in China for failing to pay millions of dollars to certain vendors. Well, now, Apex has responded to the claims, suggesting that this is all part of their vendors' attem pt to change the terms of their agreements, and, in fact, that they've forced the imprisoned chairman to sign certain documents unfavorable to the company. As for the supposedly missing money, Apex says they've sent the checks regularly, but the company in question, Sichuan Changhong Electric, has never presented them to Apex's bank to cash.




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Apex Tells A Different Story On Arrested Chairman

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