The South Korean shipping group Hyundai Merchant Marine (HMM) has spent months working intensely to get its finances back on track after several years of massive deficits in a historically struggling market. Now the carrier is gradually moving into the final phase of its restructuring process.
The carrier announced to South Korea's Financial Supervisory Service on Tuesday that it will raise around USD 2.2 billion for the restructuring, reports Korea Joongang Daily.
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