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Article: BRIEFING - ASIA ELECTRONICS - MARCH 31, 2009.
- Article from:
- AsiaPulse News
- Article date:
- March 31, 2009
CopyrightCOPYRIGHT 2009 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 electronics for March 31, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
CREDITORS EXTEND DEBT WORKOUT PROGRAM FOR DAEWOO ELECTRONICS
SEOUL - Creditors of Daewoo Electronics Co. (KSE:009320) said Tuesday they will extend a debt workout program for South Korea's third-largest electronics maker by one year until March 2010.
The planned sale of Daewoo Electronics to U.S.-based private equity fund Ripplewood Holdings LLC hit a snag early this year as Daewoo's creditors, led by the state-run Korea Asset Management ...