Mr. Chan and the Supervisory Board are in talks with authorities and business partners, trying to gather information to clarify the situation.As soon as new, reliable facts can be verified, they will be disclosed immediately.
The administrator for Phones 4u is in talks to sell off parts of its business to EE and Vodafone, according to reports.
The two mobile operators recently withdrew their business in Phones 4u, causing the high street mobile retailer to collapse into administration.
The Financial Times has reported that the same two companies are now in talks with administrator PricewaterhouseCoopers to buy parts of the Phones 4u business.
Other parties may also be interested in acquiring parts of the company, offering hope to the 5,596 staff currently at risk of losing their jobs.
Salvation could also be sought from Dixons Carphone, who are planning to offer jobs to Phones 4u workers. The company said; "with regards to our Phones 4u shop-in-shop colleagues we hope to help them secure new jobs with us and will be opening up discussions with the administrators to agree what we can do."
Vodafone and EE had considered a joint takeover of the company earlier this year, but said they "quickly dismissed" their idea after being advised against it.
Yesterday Phones 4u's owner BC Partners accused EE and Vodafone of going back on their word by opting not to renew their contract with the retailer.
Vodafone has acted in exactly the opposite way to what they had consistently indicated to the management of Phones 4u over more than six months.Their behaviour appears to have been designed to inflict the maximum damage to their partner of 15 years, giving Phones 4u no time to develop commercial alternatives.
Their behaviour appears to have been designed to inflict the maximum damage to their partner of 15 years, giving Phones 4u no time to develop commercial alternatives.
The current UK top 10:
- The Sims 4
- Watch Dogs
- Call of Duty: Ghosts
- The Last of Us: Remastered
- Minecraft: Xbox 360 Edition
- NHL '15
- Plants vs Zombies: Garden Warfare
- Minecraft: PlayStation 3 Edition
- Naruto Ultimate Ninja Storm Revolution
Apple’s brand new iPhone 6 has seen unprecedented demand - a record four million pre-orders have been taken in the few days since its announcement, double that for the iPhone 5 - but which smartphones are people ditching for the shiny new device?
Perhaps confirming the obsessive stereotype of an Apple fan needing the latest device, the phone being traded in most since the iPhone 6 launch is its predecessor, the iPhone 5.
More than half of people looking to sell their device through website Mazuma Mobile had an iPhone 5.
Here’s how each brand's different models breaks down.
The number of people searching on Mazuma rose 50 per cent following the launch, with searches hitting 55,000 in just a single day after Apple’s event.
Mazuma chief Charlo Carabott said the site experiences a spike during September and October due to iPhone releases every two years and this drives more trade-ins than Samsung launches.
UK mergers and acquisitions may be looking shakier than usual - but across the rest of the world, M&A is already worth more this year than during the whole of 2013.
According to data from Mergermarket, $18.1bn (£11.2bn) of deals took place yesterday (including Microsoft's $2.5bn agreement to buy Minecraft creator Mojang), the highest value "Merger Monday" since the end of July, when $16.1bn of deals were made.
That pushes the total for the first three quarters of 2014 up to $2.29tn - three per cent above 2013's grand total of $2.22tn. The third quarter alone saw global M&A deals worth $686.3bn go through.
But it wasn't just the likes of Microsoft boosting that figure - Mergermarket said a "large influx of deals involving a German bidder" made yesterday particularly exciting.
German manufacturer ZF Friedrichschafen spent $12.7bn buying out US-based TRW Automotive holdings, while German firm Tui AG bought the UK's Tui Travel for $3.1bn.
Will that help the UK?
Earlier this month the Office for National Statistics published figures showing just 73 mergers and acquisitions involving UK companies worth more than £1m had taken place during the second quarter, the lowest since figures began in 1987.
Although figures for the third quarter are yet to be published, the scuppered attempt by builder Carillion to buy rival Balfour Beatty, not to mention US firm Destination Maternity's ill-fated go at buying retailer Mothercare, suggest things are unlikely to have improved when the numbers do come out.
Here's how the UK's chart looks for the last few quarters. Those of a nervous disposition: look away now.
If Scotland votes Yes to independence, would there be a Scottish stock exchange and how well would it perform?
In the world of Scottish independence hypotheticals, it's a good one. Just two countries to gain independence have ever decided not to set up their own stock exchange: Kosovo and Turkmenistan.
While there's been no word on whether it would create its own index or not, Markit analyst Simon Colvin has attempted to answer the question of how it would perform.
He concludes, the 12 Scottish headquartered companies in the FTSE 350* have been more volatile in the UK market, but if listed separately they would have performed in line with the broader index.
The index of the “Saltire 12” would have returned 15.3 per cent since the start of 2013 compared to the wider index of UK stocks at 17 per cent.
The standard deviation in daily returns has been a third higher than the FTSE 350 average.
The energy firm SSE would be the largest constituent of a Scottish index and the financial sector would make up a “disproportionate portion, with 40 per cent of the index weight”, though this doesn’t take into account RBS’s decision to move its HQ south of the border, says Colvin.
What about dividends? Well, Scottish companies only account for two per cent of the aggregate FTSE 350 dividend payments, according to number crunchers in Markit’s dividend forecasting group- or about £1.8bn in the current fiscal year.
Again, SSE and financial companies dominate, with SSE accounting for half the aggregated total of dividend payments and Standard Life and Aberdeen Asset Management for over a third.
In a longer-term study by researchers at the London Business School which looked at 100 Scottish stocks over the last 60 years, the Scottish index, or the Scotsie 100 as they call it, slightly outperformed the UK index if you exclude RBS and HBOS.
The poor performance of the banks and financials brought down the performance of the Scottish index.
Until 1973 when it merged with London, there was a Scottish stock exchange and before that there were four separate stock exchanges in Glasgow, Edinburgh , Aberdeen and Dundee - so while there are few blueprints for Scottish independence, there would be previous form for a Scotsie 100.
*Aberdeen Asset Managment, Firstgroup, SSE, Weir Group, Standard Life, John Wood Group, A.G.Barr, Stagecoach Group, Cairn Energy, RBS, Aggreko, Exova Group.