Our local partner managed to reach Ms. Ros, the buyer’s managing director, via the given mobile number. She acknowledged the debt owed to the Insured. She expressed that the buyer faced tough revenue at this moment. In response to our demands, she expected to make the payment of debt by installments and would apply for bank loan. She asked us to check back again by mid-November, 2014 on the payment proposal.
We keep following up with the buyer and shall keep you informed of any new case developments.