Ssangyong Motor

Skip Navigation
Skip to Utility Menu
Skip to Global Navigation
Skip to Main Content
Skip to Footer
Main Content Area


Board View Title Area
Title The Company to find a new investor for an M&A
Date 2022-04-01



        The Company to find a new onvestor for an M&A



On March 29, 2022, the Seoul Bankruptcy Court dismissed the Companys rehabilitation

plan which was submitted on Feb. 25, 2022 and also cancelled the creditorsand

stakeholdersmeeting scheduled for April 1, 2022 as Edison Motors Consortium failed to

remit the balance acquisition money on time. It extended the submission deadline for a new

 rehabilitation plan to May 1, 2022.



As Edison Motors Consortium failed to remit the acquisition money, the M&A contract

was terminated, and the Company is planning on finding new investors. By attracting

new investors for an M&A, the Company will submit a new rehabilitation plan to the

Court by mid-October 2022, which is the deadline for obtaining an approval for a

rehabilitation plan.

Board View Link Area
attached file :