Wednesday, March 15, 2017

Daewoo Shipbuilding and liquidity support measures Showdown Review



[Korea Jeongseon financial newspaper reporters - went to showdown review the financial authorities and creditors ahead of Daewoo Shipbuilding & Marine Engineering announced liquidity support measures.

According to the Finance Committee 15 days, industrial banks, financial authorities are currently checking the self-help efforts around the main creditor of Daewoo Shipbuilding Bank, Industrial Bank, Daewoo Shipbuilding & Marine Engineering, orders and liquidity situation.

Above and Industrial Bank is expected to bring financial inside 'liquidity countermeasures such a comprehensive review of the management for the normalization of Daewoo Shipbuilding' 23 ilkke support the coming 2016 fiscal year closing out the results of DSME.

Daewoo Shipbuilding will return 4400 billion of bonds due on April 21. Such as the sale of assets and personnel reductions in April even be passed, it remains in July also bonds each month by 300 billion won of maturing in November, 2000, respectively.

The industry believes that this voluntary agreement being discussed, such as Daewoo Shipbuilding funding support measures for the maritime workout. Even newly funded comprehensive debt restructuring in order to overcome the liquidity problems are inevitable.

Last month, the National Assembly Political Affairs Committee yidonggeol Development Bank President at the conference, is moving with some scenarios, the relevant measures to secure liquidity of Daewoo Shipbuilding said said 'be deemed to be concluded in March junghasun.

FSC official said that "there is no specifically defined by current plans '' Daewoo Shipbuilding situation where employees pay a shell height of efforts to secure new orders and self-rescue plan implemented to normalize the management of the company, he said.

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