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Daewoo Shipbuilding bondholders accept bailout plan

Tuesday, April 18, 2017 - 05:50

Seoul

SOUTH Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Monday won near unanimous approval for a debt-to-equity swap plan in the first two of five bondholder meetings, as the world's largest shipbuilder battles to stay afloat.

The votes were held hours after

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