Remington Looking At Breakup After Ch. 11 Auction

VUONG Holdings featured in Law360 article:

A sale hearing is scheduled for Tuesday, but Philadelphia-based Vuong Holdings filed for a continuance last week, saying it had not become aware of the auction until Sept. 20 and needed until Oct. 13 to secure proof of funds for its own $150 million bid for the company.

In text messages Monday, Vuong Executive Chairman Vinh Vuong said his company had expressed a willingness to go as high as $200 million.

"We had only 12-18 hours to return a LOI with strategy and info about our firm and we did," he said."​

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