Independent journal on economy and transport policy
19:13 GMT+2
Keeping Daewoo Shipbuilding above water
(Shipping Times)
December 18, 2000
Creditors of Korea shipbuilder swap 1.17t won for equity to let it stay in business until buyers are found
DAEWOO Shipbuilding & Marine Engineering's lenders swapped debts worth 1.17 trillion won (S$1.7 billion) for equity, aiming to keep the world's second-largest shipbuilder in business until buyers are found.
Korea Development Bank (KDB) and other ...... Read more on Shipping Times
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