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South Korea s SsangYong Motor in receivership as owner Mahindra fails to find buyer

updated: Apr 15 2021, 11:10 ist South Korea s SsangYong Motor has been put under court receivership, the Seoul Bankruptcy Court said on Thursday, in an attempt to rehabilitate the car maker after majority owner Mahindra and Mahindra failed to secure a buyer. SsangYong applied to the court in December for receivership after it defaulted on a loan repayment. The South Korean automaker is expected to submit a rehabilitation plan to the court by June. We plan to promote the early termination of the rehabilitation process through the completion of the M&A, such as selecting an advisor in the shortest possible time in consultation with the Seoul Bankruptcy Court, SsangYong said in a statement.

Soult ukpyolsiSouth koreaSouth koreanSeoul bankruptcy courtSsangyong motorMahindra andMahindra groupSouth koreaதெற்கு கொரியாதெற்கு கொரியன்சியோல் திவால்நிலை நீதிமன்றம்ஸ்சங்கியோங் மோட்டார்மஹிந்திரா மற்றும்

S Korea s SsangYong Motor in receivership as owner M&M fails to find buyer

South Korea s SsangYong Motor has been put under court receivership, the Seoul Bankruptcy Court said on Thursday, in an attempt to rehabilitate the car maker after majority owner Mahindra and Mahindra failed to secure a buyer. SsangYong applied to the court in December for receivership after it defaulted on a loan repayment. The South Korean automaker is expected to submit a rehabilitation plan to the court by June. We plan to promote the early termination of the rehabilitation process through the completion of the M&A, such as selecting an advisor in the shortest possible time in consultation with the Seoul Bankruptcy Court, SsangYong said in a statement.

Soult ukpyolsiSouth koreaSouth koreanSeoul bankruptcy courtSsangyong motorSouth koreaSsangyong motorSeoul bankruptcy courtAhindra and mahindraSsangyong groupSaic motorMahindra groupதெற்கு கொரியாதெற்கு கொரியன்சியோல் திவால்நிலை நீதிமன்றம்ஸ்சங்கியோங் மோட்டார்

SsangYong in receivership as owner Mahindra fails to find buyer

SsangYong in receivership as owner Mahindra fails to find buyer SsangYong in receivership as owner Mahindra fails to find buyer Automaker burdened with high debt and plunging sales Reuters Print SEOUL South Korea s SsangYong Motor has been put under court receivership, the Seoul Bankruptcy Court said on Thursday, in an attempt to rehabilitate the car maker after majority owner Mahindra and Mahindra failed to secure a buyer. SsangYong applied to the court in December for receivership after it defaulted on a loan repayment. The South Korean automaker is expected to submit a rehabilitation plan to the court by June.

Soult ukpyolsiSouth koreaSouth koreanSeoul bankruptcy courtSsangyong motorதெற்கு கொரியாதெற்கு கொரியன்சியோல் திவால்நிலை நீதிமன்றம்ஸ்சங்கியோங் மோட்டார்

Court Puts Cash-strapped SsangYong Motor under Court Receivership

Court Puts Cash-strapped SsangYong Motor under Court Receivership
kbs.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kbs.co.kr Daily Mail and Mail on Sunday newspapers.

Automotive holdingsSeoul bankruptcy court onCourt puts ssangyong motor under receivershipCourt puts cash strapped ssangyong motorSsangyong motorSeoul bankruptcy courtதானியங்கி ஹோல்டிங்ஸ்ஸ்சங்கியோங் மோட்டார்சியோல் திவால்நிலை நீதிமன்றம்

Yonhap News Summary | Yonhap News Agency

Yonhap News Summary | Yonhap News Agency
yna.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yna.co.kr Daily Mail and Mail on Sunday newspapers.

Cholla namdoSouth koreaSoult ukpyolsiP yongyang siNorth koreaUnited statesCosta ricaSouth koreanChoi jong kunIsu abxisChung sye kyunMahindra ltdSeoul bankruptcy courtRussian direct investment fundSsangyong motor coYonhap news agency on