Thursday, March 23, 2017

Yuilho "DSME debt restructuring should suffer liquidity allotment"



[Korea financial newspaper choice is a reporter] Minister of Strategy and Finance President yuilho Deputy Prime Minister (pictured) all interests, such as 23 days DSME restructuring and related 'national banks as well as banks and sachaegwonja agreed to share the pain with a sufficient level officials If you have a lack of liquidity will supply timely "he said.

In the 11th day, government relations industry competitiveness ministers meeting in Seoul offices yuilho deputy prime minister said the new liquidity reached a conclusion, subject to all the possible alternatives, such as debt-for-equity swap review creditors.

Just understand the position that 'it is inevitable to apply a pre-planned regeneration schemes (P- plans, pre-packaged plan)' If you can not reach a debt restructuring agreement between the parties has to take advantage of legally enforceable in accordance with the principles in the restructuring plan B.

Yuilho Deputy Prime Minister said "knock urge the cooperation of stakeholders so as not to miss the last chance to do voluntary debt restructuring for Daewoo Shipbuilding and normalization."

If it supports liquidity in Daewoo Shipbuilding and Offshore Plant to significantly reduce the sector uncompetitive and decided to accelerate the reorganization of business at a competitive commercial and defense center. It plans to promote next year after mergers and acquisitions (M & A) embark on the Daewoo Shipbuilding 'find the owner.

Meanwhile, there is additional support for new DSME was also mentioned in the government's position change in Dunn.

Yuilho Deputy Prime Minister Daewoo Shipbuilding 1.8 trillion won implement a self-rescue plan, but faced with the worst order cliffs ideas already bogged by Indian ships constructed difficult to solve the liquidity problem only national bank support under self-help efforts context of the 'said "the government has been promoting corporate restructuring to first rigorous, risk-sharing, self-help efforts to minimize restructuring costs in the national economy the current economic team is holding up for the restructuring in a position to take responsibility to end without a political calendar and care will do my 'he said.

Meanwhile, the state-run Korea Development Bank and Export-Import Bank, the Bank will be the day after the Industrial Relations Ministers then held a press conference regarding the specific restructuring plan of DSME.

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