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04 August 2020 The on-line newspaper devoted to the world of transports 12:42 GMT+2

December 17, 1998

Korea Heavy rejects offers on plants


Korea Heavy Industries & Construction Co has rejected an offer by creditors of Samsung and Hyundai groups that would allow it to acquire their power generation equipment and ship engine businesses.

State-owned Korea Heavy, Korea's biggest maker of power generators, said it would accept the swap only if the creditor banks promised to provide 700 ......
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