Hyundai Merchant Marine "capital erosion break this month."

[Korea's financial standing hyomun newspaper reporter] expected to break the HMM capital encroach into this month.

Hyundai Merchant Marine is 10 days dwaeteuna designated as management whilst stocks last March Kospi (KOSPI) efforts, announced last year, leading to year-end financial statements jyeotdago up capital erosion escape. Company management is expected to release time into this month.

Hyundai Merchant Marine "Last year was the financial strength significantly improved high Laid Let's not implementation (debt restructuring, including debt-for-equity swap)" and "debt last year was sharply compared to the previous year (2007%) to 349 percent," he said.

Following "the last seven days signed a Korea ship offshore and ship sales agreement memorandum and recapitalization agreement signing ceremony" and "will accelerate the utilization timely global offshore funds and Newbuilding Support Program in the first half to start it, strengthen competitiveness," said he added.

Financial structure is predicted to be further improved in the first half of this year. Hyundai Merchant Marine is scheduled to be the sale price (about 1500 million) is introduced 10 capital raising, container ships for a total of 704.3 billion won during the first half of this year.



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