Ssangyong Motor, Extension of Approval Period for Rehabilitation Agreement

[Asia Economy Reporter Lee Seon-ae] Ssangyong Motor, which is undergoing corporate rehabilitation procedures, announced on the 8th that the Seoul Bankruptcy Court has extended the deadline for the approval of the rehabilitation plan by 6 months until October 15.

Ssangyong Motor explained, "The rehabilitation plan must be approved within one year from the commencement date of the corporate rehabilitation procedure, April 15 of last year, but the deadline was extended as it was recognized that there were unavoidable reasons."

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