South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed

South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed
 

The South Korean court overseeing Hanjin Shipping's (117930.KS) receivership process said on Wednesday that a sale of the world's seventh-largest container carrier, which collapsed late last month, is one of many options it is considering if the court concludes the company is to be rehabilitated.
Judge Choi Ung-young, who serves as a court spokesman for media inquiries on the case, said a sale is possible in principle if it's deemed the best way to rehabilitate the company, but the court has yet to reach a decision.
The spokesman's comment came after Bloomberg reported earlier on Wednesday... read more

 
28 September 2016 in Business, Views: 40
Source: Reuters
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