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Huang Neumg Industry

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March 10, 1995 | ERIC BAILEY, TIMES STAFF WRITER
In an odd twist, a Taiwanese company has made a pitch to loan Orange County $3 billion to help it recover from bankruptcy, but state and county officials don't know quite what to make of it. Huang Neumg Industry has offered to put up a 15-year loan to the county at a bargain-basement 4% interest rate, but with a two-point finance charge of $60 million.
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NEWS
March 10, 1995 | ERIC BAILEY, TIMES STAFF WRITER
In an odd twist, a Taiwanese company has made a pitch to loan Orange County $3 billion to help it recover from bankruptcy, but state and county officials don't know quite what to make of it. Huang Neumg Industry has offered to put up a 15-year loan to the county at a bargain-basement 4% interest rate, but with a two-point finance charge of $60 million.
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NEWS
March 11, 1995 | RONE TEMPEST, TIMES STAFF WRITER
For bankrupt Orange County, it was an offer that sounded too good to be true. And a proposal by a mysterious Taiwan firm to bail the county out of its $1.7-billion hole seems to be just that. Earlier this week, news surfaced that a Taiwanese outfit called Huang Neumg Industry had expressed interest in loaning Orange County $3 billion at a bargain-basement 4% interest rate. Toshio Kojima, the firm's "international director," made the pitch in a letter to an Orange County official.
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