S.Korea's Hanjin Heavy Holdings jumps after debt restructuring deal on Subic shipyard

Hanjin Heavy Ind & Const Holdings

15/02/2019 01:44

** South Korea's Hanjin Heavy Industries & Construction
Holdings  003480.KS  surges as much as 27 pct 
    ** Co's shipbuilding unit Hanjin Heavy  097230.KS  and
Philippine banks agree on debt restructuring plan regarding its
shipyard in the Philippines
    ** It will submit the plan to Philippine court by the end of
this month for approval 
    ** Hanjin Heavy's  097230.KS  Philippines unit Subic
Shipyard filed for court rehabilitation proceeding in January
 urn:newsml:reuters.com:*:nL3N1Z81ZE
    ** Shipbuilding unit Hanjin Heavy's stock has been suspended
from trading due to capital impairment after the rehabilitating
proceedings
    ** The broader KOSPI market  .KS11  was trading down 1 pct

 ((hayoung.choi.thomsonreuters.com@reuters.net;
hyunjoo.jin.thomsonreuters.com@reuters.net))