Workout win
Published: 11 Jan. 2024, 18:49
Updated: 11 Jan. 2024, 19:07
-
- SEO JI-EUN
- [email protected]
![Taeyoung Engineering & Construction (E&C) has received approval for its workout, securing more than 75 percent of creditors' support. The financially troubled company's primary creditor, the Korea Development Bank (KDB), received written resolutions from some 600 creditors on Thursday regarding the approval of Taeyoung E&C's debt restructuring program that was filed in December. The KDB compiled votes until midnight on Friday and is likely to announce the final results on Friday morning. The image captures Taeyoung E&C's headquarters in Yeouido, western Seoul on Thursday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/01/11/9cdafafe-4766-4eee-a858-05bf5b0c981f.jpg)
Taeyoung Engineering & Construction (E&C) has received approval for its workout, securing more than 75 percent of creditors' support. The financially troubled company's primary creditor, the Korea Development Bank (KDB), received written resolutions from some 600 creditors on Thursday regarding the approval of Taeyoung E&C's debt restructuring program that was filed in December. The KDB compiled votes until midnight on Friday and is likely to announce the final results on Friday morning. The image captures Taeyoung E&C's headquarters in Yeouido, western Seoul on Thursday. [YONHAP]
BY SEO JI-EUN [[email protected]]
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)