CASH-STRAPPED DOOSAN SHEDDING STOCKS TO LEVERAGE NEW BUSINESS LINE

• Cash-strapped Doosan Group said Friday that it will repay 3 trillion won (US$2.5 billion) in debt to its main creditors by selling new shares of Doosan Heavy Industries & Construction Co. and other affiliates' assets.
• Doosan Heavy Industries & Construction is all se...

DOOSAN HEAVY REPORTS NET LOSS, STRUGGLING TO SELL ASSETS

Highlights –

• Doosan Heavy company's net loss came $299 million due to one-off costs.

• Setbacks in business due to a shift in energy policy.

• Doosan Heavy put about 400 employees underpaid suspension.

Heavy machi...