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Article: BRIEFING - ASIA AUTOMOTIVE - DEC 26, 2008.
- Article from:
- AsiaPulse News
- Article date:
- December 26, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on the automotive industry for Dec 26, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
CREDITORS AGREE TO EXTEND DEBT WORKOUT FOR HYUNDAI CORP
SEOUL - Creditors of Hyundai Corp. (KSE:005380) said Friday they had agreed to extend a debt workout program for the local trading company by one year, citing a credit squeeze following the global economic downturn.
In addition, the creditors will start selling their shareholdings in Hyundai by picking a lead manager for the sale in January next year, according to Korea ...