STX and Daehan talks stall

Seoul: Talks between STX and Daehan Shipbuilding creditors on Daehan M&A have reportedly collapsed in the end.

STX had requested for a suspension of Daehan's debt repayment for three years and a 100% debt-equity-swap.

But Daehan creditors including the Korea Development Bank could not accept the condition.
(Source:www.seatradeasia-online.com)