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Taeyoung to lay off executives, trim salaries under creditors-led workout

Troubled mid-sized builder Taeyoung Engineering & Construction (E&C) agreed to lay off 22 senior executives and cut salaries by up to 35 percent for the remaining ones, as part of self-rescue efforts to facilitate a corporate debt workout program, according to the firm’s main creditor, Friday.

South-korea , Korea , Ty-holdings , Korea-development-bank , Taeyoung-group , Taeyoung-engineering , Yoon-se-young , Yoon-suk-min , Ebt , Orkout , Estructuring

NOTORE CHEMICAL INDUSTRIES : QUARTER 5 - FINANCIAL STATEMENT FOR 2023 -March 31, 2024 at 02:56 pm EDT

RC: 640303

NOTORE CHEMICAL INDUSTRIES PLC

ANNUAL REPORT, CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS

...

United-kingdom , Victoria-island , Lagos , Nigeria , Rivers-state , Rivers , Canada , United-states , Mauritius , British , American , Nigerian

Builder Taeyoung's Creditors Pledge Up to $300 Million in Funds

(Bloomberg) -- Creditors agreed to provide Taeyoung Engineering & Construction Co. as much as 400 billion won ($300.5 million) in additional funds, as the South Korean builder seeks to gain a handle on its finances. Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesT-Bills Without Tax Bills? This Fund Says It Cracked the CodeAT&T Outage Triggered by Company Work on Network ExpansionUS Lands on Moon in Historic Feat for Private SpacecraftNvidia Tops Meta Record With

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Taeyoung E&C's creditors to provide further $300 million of funding

Creditors of Taeyoung Engineering & Construction have agreed to provide up to 400 billion won in additional funds to the South Korean builder, primary creditor Korea Development Bank , said on...

South-korea , Hyunsu-yim , David-goodman , Ty-holdings , Taeyoung-group , Markets ,

With nod from creditors, Taeyoung chief vows utmost self-rescue efforts

Taeyoung Group founder and Honorary Chairman Yoon Se-young urged its employees to make all-out efforts to bring its debt-ridden builder Taeyoung Engineering & Construction back on track, after creditors confirmed Friday their approval for a debt restructuring program. "The debt workout has begun, backed by the strong support of creditors. This is because (the creditors) saw a high possibility of Taeyoung E&a...

South-korea , Korea , Lee-bok-hyun , Kim-joo-hyeon , Rhee-chang-yong , Taeyoung-group , Financial-supervisory-service-gov , Korea-development-bank , Financial-services-commission , Ty-holdings , Honorary-chairman-yoon-se-young

Industry wary of Taeyoung woes despite debt restructuring approval

The local construction industry remains uneasy about the possibility of a chain reaction of insolvencies and defaults by small players, despite Thursday’s approval of engineering and construction firm Taeyoung E&C's debt renegotiation ...

South-korea , United-states , Korea , American , Kohlberg-kravis-roberts , Taeyoung-group , Fair-trade-commission , Ty-holdings , Korea-development-bank , Korea-investors-service , Whether-taeyoung , Korea-ratings

Creditors of troubled builder Taeyoung set to decide on debt restructuring

Creditors of debt-ridden Taeyoung Engineering & Construction Co. were set to make a decision Thursday on whether to allow the ailing builder to move forward with a debt restructuring program. Taeyoung, the 16th-largest builder in South Korea in terms of construction capacity, applied for a debt restructuring program late last month due to a liquidity shortage over real estate project financing loans. The state-ru...

South-korea , Korea , Ty-holdings , Taeyoung-group , Taeyoung-engineering-construction-co , Korea-development-bank , Taeyoung-engineering , Yoon-se-young , The-korea-herald , Orean-news , Oreaherald

Creditors of Taeyoung set to decide on debt restructuring

Creditors of debt-ridden Taeyoung Engineering & Construction were set to make a decision Thursday on whether to allow the ailing builder to move forward with a debt restructuring program.

South-korea , Seoul , Soult-ukpyolsi , Korea , Ty-holdings , Taeyoung-group , Korea-development-bank , Taeyoung-engineering , Yoon-se-young , Kdb , Taeyoung-engineering-construction

Creditors vote to allow troubled builder Taeyoung to move forward with debt restructuring

Creditors of debt-ridden Taeyoung Engineering & Construction Co. voted Thursday to allow the ailing builder to move forward with a debt restructuring program.

South-korea , Seoul , Soult-ukpyolsi , Korea , Ty-holdings , Yonhap-taeyoung-engineering-construction-co , Taeyoung-engineering-construction-co , Korea-development-bank , Taeyoung-group , Taeyoung-engineering , Yoon-se-young

Korean Builder Taeyoung Wins Vote to Start Restructuring

Korean Builder Taeyoung Wins Vote to Start Restructuring
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