STX Offshore to get 1.8t won rescue funds

[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 diligence uncovered...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to