Daewoo Shipbuilding Set to Complete Debt-for-equity Swap with Bondholders

SEOUL, Jul. 7 (Korea Bizwire) — Cash-strapped Daewoo Shipbuilding & Marine Engineering Co. is expected to secure at least 800 billion won (US$692 million) in cash through additional debt-for-equity swaps, industry sources said Friday. According to the sources, Daewoo Shipbuilding is planning to start the process of swapping debts for equity with bondholders next month [...]