Independent journal on economy and transport policy
01:22 GMT+2
Hyundai Contracted to Manage Halla Heavy on RH's Behalf
(The Korea Times)
August 30, 1999
Hyundai Heavy Industries will take over management of Halla Engineering and Heavy Industries after its assets and debts are taken over by RH Heavy Industries.
Halla officials said all negotiations with Hyundai and its main creditor, Korea Exchange Bank, have been completed and that papers seeking court approval were submitted yesterday afternoon.
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