Amid Ladies' Code's popularity in the 2010s, an unfortunate accident happened that lead the group to become a trio. After their last release in 2019, the group announced hiatus to focus on their solo activities. After four years, member Zuny updated on her recent status.
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SsangYong Motor again under court receivership
Posted : 2021-04-15 10:23
SsangYong Motor / Yonhap
SsangYong Motor Co. was placed under court receivership once again Thursday as its Indian parent Mahindra Mahindra Ltd. has failed to attract an investor amid the prolonged COVID-19 pandemic and its financial status is further worsening.
The Seoul Bankruptcy Court approved the debt-rescheduling process for SsangYong Motor as U.S. vehicle importer HAAH Automotive Holdings Inc. didn t submit a letter of intent (LOI) to acquire the financially troubled carmaker.
Mahindra had been in talks with HAAH to sell its majority stake in the Korean unit as part of its global reorganization plan amid the pandemic.
SsangYong had defaulted on a loan payment worth 165 billion won (US$148 million) on December 21, 2020, following which it applied for court receivership. However, the company was given three months to secure funds after saying it was in talks with US-base