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COURT RECEIVERSHIP
Mahindra says deal to sell SsangYong Motor to Edison terminatedIndian automaker Mahindra, which owned about 75% of SsangYong as of September end, has been looking for a buyer for all or most of its stak...- S.Korea's SsangYong Motor sold for $255 mln to local consortiumA consortium led by South Korean electric carmaker Edison Motors Co has agreed to acquire debt-ridden SsangYong Motor Co Ltd for 305 billio...
- Ssangyong to sell plant site as part of rehabilitationSsangyong is still under rehabilitation process and has to submit rehabilitation plan to the court. However, Ssangyong wants to make an M&A...
- Mahindra-owned SsangYong puts controlling stake up for auctionThe Korean auto major, which is 75% owned by Mahindra, is under court receivership since April after it failed to rollover loans worth $148...
- Cash-strapped SsangYong submits self-rescue plan as it looks to bring investor on boardThe rehabilitation plan includes half of SsangYong’s staff taking unpaid leave up to two years in a bid to avoid retrenchment. “This sort o...
- SsangYong eyes new investor to complete sale processSsangYong Motor is expected to invite tenders by next month and is likely to submit a restructuring programme by the first week of July, wi...
- Ssangyong Motors may shed some senior executive jobs as part of cost cuttingThe Seoul Bankruptcy Court on April 15 approved the debt-rescheduling process for SsangYong Motor as the US-based HAAH Automotive did not s...
- SsangYong in receivership as Mahindra fails to find buyerThe Seoul Bankruptcy Court on April 15 approved the debt-rescheduling process for SsangYong Motor as the US-based HAAH Automotive did not s...
- SsangYong court rehabilitation may begin early next week as CEO Yea quitsSsangYong has over the last six to nine months failed to secure a letter of intent (LOI) from its likely potential investor, US-based HaaH ...
- SsangYong faces risk of delisting, liquidationThe cash-strapped SsangYong Motor has failed to secure a letter of intent from its potential investor, US-based HAAH Automotive, before the...
- Mahindra receives clearance from RBI to reduce stake in SsangYong MotorThe UV maker has got approval from the Reserve Bank of India to reduce its stake of 75 per cent in SsangYong Motor to 25 per cent through c...
- Mahindra & Mahindra fails to find buyer for SsangYong in FebruaryMumbai-based M&M holds close to 75% stake in loss-making SsangYong Motors which it had acquired a decade ago for Rs 2,100 crore, or $463 mi...
- SsangYong lender ready to help if M&M staysSouth Korea’s state-run Korean Development Bank (KDB) could play the peacemaker at cash strapped SsangYong Motor, which has filed for court...
- Mahindra set to announce new buyer for SsangYong next weekSsangYong has filed for court receivership with the Seoul Bankruptcy Court after failing to repay loans of about 60 billion won (Rs 408 cro...
- Mahindra's South Korean arm SsangYong Motor files for bankruptcyMahindra & Mahindra-owned South Korean automaker SsangYong Motor filed for court receivership after defaulting on loans worth 90 billion wo...
- Somewhere out at sea, your new TV and bags wait in a Hanjin shipThe map shows the locations of the Hanjin container ships. Click on the map, then move your mouse over the triangles and circles in the pop...
- Samsung ordered to pay $532 million to creditorsThe creditors recouped the 1.6 trillion principal in May last year when Samsung Life sold its shares in the country's largest initial publi...
- Stanford Financial Group lays off about 1,000 employeesAbout 1,000 people working around the US for the troubled Stanford Financial Group founded by Allen Stanford were laid off by order of the ...
- Stanford's receiver wants contributions returnedThe court-appointed receiver for R Allen Stanford's financial group asked national political committees Monday to return campaign contribut...
- End of Yukos?A court ruling expected on Tuesday on bankruptcy for Yukos could seal the end of Russia’s former top oil producer after an unprecedented ju...
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