Daewoo Shipbuilding Told by Exchange to Improve Financials
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Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, was told to improve its financials within a year before its shares can resume trading, the stock exchange said.
The shipbuilder has been given until Sept. 28, 2017 to improve its earnings and balance sheet, the Korea Exchange said in a regulatory filing Wednesday. Shares of Daewoo Shipbuilding will remain suspended until that time.