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20 January 2019 The on-line newspaper devoted to the world of transports 21:52 GMT+1



January 11, 2019

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The Philippine ship yard HHIC-Phil anticipates restructure request in order to avoid the failure

Possible investment in the company by two Chinese navalmeccaniche societies

The naval shipbuilding society of Philippine Hanjin Heavy Industries Ltd. and Construction Philippines (HHIC-Phil), founded in 2006 as branch of the Hanjin Heavy Industries & Construction Co. South Korean, has introduced request near the court of the city of Ologapo for being admitted to the procedure of previewed business restructure from national the bankrupt law, request that is time to obtain the approval to proceed is to an internal reorganization of the navalmeccanica company is to a restructure of the social debit that piles to about 400 million dollars regarding Philippine banks and of 900 million dollars regarding South Korean investor.

Today the secretary of the Department of the Commerce and the Industry of Manila, Ramon M. Lopez, has announced that two Chinese navalmeccaniche societies have manifested interest for the naval shipbuilding field of the Philippine one and have specified that they are shown possible investment in the HHIC-Phil.



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