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Guru3D.com » News » Zalman to be allowed to restructure

Zalman to be allowed to restructure

by Hilbert Hagedoorn on: 11/26/2014 10:20 AM | source: | 11 comment(s)
Zalman to be allowed to restructure

Earlier this month news spread like fire that the mother company behind Zalman, Moneaul, faced bankruptcy after the funding ended bringing Zalman into a severe and dangerous situation facing bankruptcy.  The South Korean courthouse now has decided that Zalman was not involved in the fraud and has no responsibility for the actions of the parent company.

The Korean courthouse decided that Zalman should be severed from Moneaul and continue to operate under their oversight and jurisdiction. As a result Zalman has been allowed to restructure the company, doing so under the supervision of the Korean justice system.

What does that mean for Zalman's customers? Zalman will not need to file for bankruptcy nor liquefy any of their assets. The company will continue to operate normally and all post-purchase support and warranties remain valid. In some ways the company hasn't even skipped a beat, recently announcing the release of a new product, the Z11 Neo case.

With that said, Zalman may not be out of the woods just yet. The company was hit very hard by this scandal, causing their stock to essentially be destroyed and pulled from trading. We are unaware of the company's current capital, but rumors indicate that Moneaul might have spent a very large portion of it already, and Zalman will certainly consume some more until they get back on their own two feet. Finally, the company now operates under courthouse supervision for the time being.

Nevertheless, there is a light at the end of the tunnel for Zalman after all, and we are hopeful that the experience and hard work of the honest employees will help them reach it - via Anandtech



Zalman to be allowed to restructure




« Batman: Arkham Knight gameplay trialer · Zalman to be allowed to restructure · Lian Li offers Windowed Version of PC-Q33 »

3 pages 1 2 3


lantian
Senior Member



Posts: 292
Joined: 2013-08-16

#4967495 Posted on: 11/26/2014 05:21 PM
good news, i used zalman coolers back in the day for athlon x2 and 8800gt, hope they get back in the game again

Fender178
Senior Member



Posts: 4196
Joined: 2004-09-28

#4968521 Posted on: 11/28/2014 03:13 AM
Sounds like good news to me.

orion24
Senior Member



Posts: 835
Joined: 2005-09-17

#4968632 Posted on: 11/28/2014 12:14 PM
I like Zalman products. Very innovative. Used pleanty of the in the past. Yesterday I purchased one more of them.

sykozis
Senior Member



Posts: 22472
Joined: 2008-07-14

#4968694 Posted on: 11/28/2014 03:06 PM
I'm glad Zalman will survive this. Hopefully they'll start releasing products that are actually unique and "innovative" now. Their line of cases is about the furthest thing from "innovative" being mostly entry-level and budget cases and unappealing prices. That Z11 Neo is no different. Another budget "me too" case....

Good for them.

And a not so bad looking case. Some internal photos would be nice.

edit

..perhaps ill stop being lazy and google them myself.

http://www.guru3d.com/news-story/zalman-z11-neo-mid-tower-chassis.html

Hilbert posts a short article a month ago with an internal shot. It's just a standard ATX mid-tower case with different exterior.... There's really nothing special or even "innovative" about it. Just more of the same.

Mod Enerjen
Senior Member



Posts: 180
Joined: 2005-07-30

#4970027 Posted on: 12/01/2014 08:55 AM
South Korea is the most corrupt Nation on earth, not a surprise.

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