SsangYong Avoids Liquidation, Restructure Plans Tentatively Approved

SsangYong Avoids Liquidation, Restructure Plans Tentatively Approved

CITING A RECENT assessment by Samil PricewaterhouseCoopers that SsangYong Motor would be worth more as a “going concern” than if it were liquidated, a South Korean court has given its approval for SsangYong to submit full restructuring plans by September.

Part of the plan is already in place, with the urgent need to reduce costs seeing [...]

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