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STX Offshore to get 1.8t won rescue funds

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The fresh funds are being made available after a new round of due diligence uncovered loss-making orders that STX Offshore took on to avoid a short-term liquidity squeeze, one person familiar with the matter said - PHOTO: AFP

[SEOUL] Creditors of South Korea's STX Offshore & Shipbuilding Co have decided to lend the debt-laden shipbuilder an extra 1.8 trillion won (S$2.1 billion), two creditor sources with direct knowledge of the matter said. The fresh funds are being made available after a new round of due

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