Ssangyong given go-ahead to restructure, avoids liquidation
Filed under: Government/Legal , Earnings/Financials A South Korean court just approved a plan to keep SsangYong Motor (SYMC) out of liquidation. In granting its approval the court agreed with a recent report that showed SsangYong is worth more alive than dead. After entering their version of Chapter 11 back in February, the company was faced with liquidation unless they came up with a convincing argument that they could turn things around. According to …
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