Title | Final approval of the rehabilitation plan on August 26, 2022 |
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Date | 2022-08-29 |
sangyong Motor to lay the foundation for business normalization with
final approvalof the rehabilitation plan on August 26, 2022
▪ Successful completion of the meeting of stakeholders with overwhelming consent from creditors,
laying the foundation for future growth and development
▪ Financial soundness and capital structure improvement through debt restructuring and
Debt-Equity Swap according to the rehabilitation plan
▪ Scheduled to apply for termination of corporate rehabilitation procedures in October after completion
of repayment of rehabilitation debt due to the decision of the rehabilitation court
attached file : | |
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