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Ssangyong Motors: SsangYong pays 140 million won to start standard bankruptcy procedure in Seoul

Synopsis
Mahindra & Mahindra’s 75 percent ownership in Ssangyong will reduce and HAAH Automotive Holdings is expected to become the largest shareholder with a 51 percent controlling stake by purchasing new shares worth $250 million.
Agencies
SsangYong filed for court receivership in December 2020, and the court decided the autonomous restructuring support (ARS) programme before putting it under rehabilitation.
Cash strapped SsangYong Motor Co. is understood to have made an advance payment of 140 million won ($123,806.15) required to start a prepackaged or standard bankruptcy procedure to Seoul’s bankruptcy court, according to Korean media reports.
This experts say is to fast track the sale process to the potential suitor HAAH Automotive Holding before the end of this month. ....

Soult Ukpyolsi , South Korea , Automotive Holdings , Automotive Holding , Ssangyong Motor Co , Ssangyong Motor , Reserve Bank , Ssangyong Motors , Reserve Bank Of India , Haah Automotive , தெற்கு கொரியா , தானியங்கி ஹோல்டிங்ஸ் , தானியங்கி வைத்திருத்தல் , ஸ்சங்கியோங் மோட்டார் இணை , ஸ்சங்கியோங் மோட்டார் , இருப்பு வங்கி , ஸ்சங்கியோங் மோட்டார்கள் , இருப்பு வங்கி ஆஃப் இந்தியா ,

Mahindra réduit de 75 % sa part dans SsangYong, place à HAAH

Mahindra réduit de 75 % sa part dans SsangYong, place à HAAH
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United States , Country Central Bank , Haah Automotive Holdings , Manufacturer Ssangyong , Haah Automotive , Ssangyong Motor , Korean Car , Ssangyong Motors , ஒன்றுபட்டது மாநிலங்களில் , நாடு மைய வங்கி , ஸ்சங்கியோங் மோட்டார் , கொரியன் கார் , ஸ்சங்கியோங் மோட்டார்கள் ,

FII: ETMarkets Morning Podcast: FII-heavy stocks take a big hit in current selloff

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South Korea , South Korean , Sabyasachi Mukherjee , Gita Gopinath , Sandeep Singh , Deutsche Bank , Singapore Exchange , Wall Street , Hong Kong , Hang Seng , Nasdaq Composite , Dalal Street , Adani Ports , Special Economic Zone , Aditya Birla Fashion , Sabyasachi Couture , Ssangyong Motor , Haah Automotive , Us Dollar , தெற்கு கொரியா , தெற்கு கொரியன் , சபியசச்சி முகர்ஜி , கீதை கோபினத் , சந்தீப் சிங் , டாய்ச் வங்கி , சிங்கப்பூர் பரிமாற்றம் ,

M&M faces hurdle in selling SsangYong Motor stake to US company

Synopsis
While Mahindra wants to sell its entire 75% stake in SsangYong Motor to the potential investor, Haah, a US automotive distributor, and some existing stakeholders want the Indian automobile manufacturer to stay in as a minority shareholder and continue to support SsangYong, sources said.
Agencies
According to Seoul Bankruptcy Court, Mahindra had recently repaid 30 billion won, or about $27.1 million, owed to Bank of America.
MUMBAI: Talks between Mahindra & Mahindra, the largest shareholder of SsangYong Motor, and US-based Haah Automotive for sale of a controlling stake in the South Korean carmaker may have hit a roadblock owing to differences, people familiar with the talks told ET. ....

Soult Ukpyolsi , South Korea , United States , Kyonggi Do , South Korean , Korean Development Bank , Seoul Bankruptcy Court , Ssangyong Motor , Haah Automotive , Lee Seung Bum , Mahindra Amp , Bus Company , M Amp , South Korean Carmaker , தெற்கு கொரியா , ஒன்றுபட்டது மாநிலங்களில் , தெற்கு கொரியன் , கொரியன் வளர்ச்சி வங்கி , சியோல் திவால்நிலை நீதிமன்றம் , ஸ்சங்கியோங் மோட்டார் , லீ சீங் பம் , மஹிந்திரா ஆம்ப் , எங்களுக்கு நிறுவனம் , மீ ஆம்ப் ,

Ssangyong Motor: Mahindra subsidiary SsangYong Motor defaults, in talks with financers to rejig loans

Synopsis
SsangYong failed to repay the amount to bankers including JPMorgan Chase, BNP Paribas and Bank of America. Mahindra has put SsangYong on the block but has been unable to close a deal with any potential investor.
Getty Images
SSangyong Korando at the Seoul Motor Show 201
MUMBAI: SsangYong Motor Company (SYMC), the South Korean subsidiary of Mahindra & Mahindra (M&M), is in talks with banks to restructure and extend moratorium of its outstanding loans after the Korean major defaulted on the repayment of loans amounting to Rs 408 crore (Korean won 60 billion).
SsangYong failed to repay the amount to bankers including JPMorgan Chase, BNP Paribas and Bank of America. Mahindra has put SsangYong on the block but has been unable to close a deal with any potential investor. Sources in the know told ET that the defaulted loan could have a negative impact on any new investor walking in at this moment. ....

United States , Cholla Namdo , South Korea , South Korean , Sudip Mahapatra , Bsr Associates , Ssangyong Motor Company , Haah Automotive , ஒன்றுபட்டது மாநிலங்களில் , தெற்கு கொரியா , தெற்கு கொரியன் , சூடிப் மகாபத்ரா , ர்ரைவ் கூட்டாளிகள் , ஸ்சங்கியோங் மோட்டார் நிறுவனம் ,