Independent journal on economy and transport policy
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Shipyard creditors get 20% stake in Hanjin
(The Manila Times)
June 26, 2019
By Mayvelin U. Caraballo, TMT
The Manila Times
A portion of the $412-million exposure of five Philippine banks to a bankrupt shipbuilder in Subic, Zambales province has been converted to a 20-percent stake in its South Korea-based parent company, an official of listed Rizal Commercial Banking Corp. (RCBC) said ...... Read more on The Manila Times
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