Halla shipbuilder gets reprieve from creditors
Creditors of Halla Heavy Industries Co, an insolvent Korean shipbuilder,
allowed it to reschedule 2.1 trillion won (S$2.6 billion) of debt,
boosting parent Halla Group's efforts to prevent it and three
other units from being liquidated.
Halla Heavy creditors agreed to write off as much as 51 per cent
of the shipbuilder's secured and unsecured debts
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