SsangYong court rehabilitation may begin early next week as CEO Yea quits
Synopsis
SsangYong has over the last six to nine months failed to secure a letter of intent (LOI) from its likely potential investor, US-based HaaH Automotive before the March 31 deadline. Mahindra’s spokesperson conformed the development of Yea quitting in a section of the media and told ET early this week, “The court is managing the process. We understand that there may be interest from other investors”.
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