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The government called on troubled Taeyoung Engineering & Construction Co. on Monday to present additional self-rescue measures to gain the trust of creditors and initiate a debt workout process, the finance ministry said. Last month, the midsized builder applied for a debt restructuring program due to a liquidity shortage over real estate project financing loans and announced a set of self-rescue measures. But cr. ....
The government called on troubled Taeyoung Engineering & Construction on Monday to present additional self-rescue measures to gain the trust of creditors and initiate a debt workout process, the finance ministry said. ....
Debt-ridden Taeyoung Engineering & Construction made a U-turn to stick with its initial self-rescue package to avoid court receivership, which could put over a thousand of its subcontractors at risk. The 16th-largest builder in South Korea in terms of construction capacity is expected to unveil additional plans to win creditors' approval by Thursday for the launch of a debt workout program. Taeyoung Group in. ....
Weeks of irresponsibility concerning Taeyoung Engineering & Construction, the troubled affiliate of Taeyoung Group, is bringing into question the group’s ownership of SBS, a local broadcaster and the group’s most lucrative affiliate, according to market watchers Sunday. ....
Financial Supervisory Service (FSS) Governor Lee Bok-hyun strongly chastised Taeyoung Group s insincere attitude in recent negotiations with creditors during its construction subsi. ....