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 machinery and power equipment-focused Doosan Group is seeking to ease its severe credit squeeze stemming from its flagship Doosan Heavy Industries & Co....