Doosan Heavy Industries Completes Sale of Club Mow CC... First Repayment of Emergency Operating Funds to Creditors
[Asia Economy Reporter Changhwan Lee] Doosan Heavy Industries & Construction announced on the 2nd that it has completed the sale transaction of Club Mow CC with the Hana Financial-Moa Miraedo consortium and repaid the debt to creditors using the proceeds from the sale amounting to 185 billion KRW, excluding some membership deposit refunds and other costs.
This repayment is the first since the creditors' emergency operating fund support. Doosan Heavy Industries & Construction plans to steadily proceed with its financial restructuring plan, including the sale of non-core assets, starting with this early first repayment, aiming for a swift return to normal management.
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Additionally, Doosan Heavy Industries & Construction explained that it will actively promote the transformation of its business portfolio in line with the Green New Deal and continue to grow sustainably as an eco-friendly energy company.
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