Ssangyong Motor

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Title Ssangyong Motors submits rehabilitation plan to the Seoul Bankruptcy Court
Date 2022-07-27

Ssangyong Motors submits rehabilitation plan to the Seoul Bankruptcy Court on July 26, 2022

 

-      Cash repayment for 6.79% of the Company’s rehabilitation claims, 93.21% capital conversion, resulting in actual repayment rate increasing to approx.. 36.39%

-      Continuous discussion with the acquiring company and stakeholders on ways to increase repayment rate, which is to be reflected in the revision of the rehabilitation plan

-      With popularity of new product aiding business operations, Company tries to obtain approval for its rehabilitation plan to ensure sustained mutual growth

 

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