Hosted on MSN11mon
Taeyoung E&C wins approval for debt restructuring plan
Distressed Korean builder Taeyoung Engineering & Construction, which rattled local markets at the start of the year, won support from creditors to begin restructuring its debt. The builder of ...
Hosted on MSN11mon
Main creditor of Taeyoung to conduct capital reduction amid debt restructuring
SEOUL, April 16 (Yonhap) -- The state-run Korea Development Bank (KDB), the main creditor of Taeyoung Engineering & Construction Co., will likely conduct massive capital reduction and capital ...