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CHUNGHWA PICTURE TUBES (CPT) filed for bankruptcy

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CHUNGHWA PICTURE TUBES ( hereinafter referred to as CPT ) released a major message on the evening of September 18 that CPT's assets were insufficient to cover its liabilities, and many creditors competed to apply to the court to enforce CPT's land, buildings and other assets, so CPT could no longer continue its production and operation; On the same day, the board of directors of CPT applied to the court to declare bankruptcy, so that CPT employees and creditors can be fairly compensated in accordance with the law.