Bloomberg News

Korea Line Says Court Approves Turnaround Plan

October 16, 2011

Oct. 14 (Bloomberg) -- Korea Line Corp., South Korea’s second-largest operator of bulk ships that went into court receivership in February, said Seoul Central District Court approved its revival plan. The shipping company will reduce capital by cancelling shares and sell 16.6 million new shares, according to regulatory filings today.

To contact the reporter on this story: Kyunghee Park in Singapore at kpark3@bloomberg.net

To contact the editor responsible for this story: Shinhye Kang at skang24@bloomberg.net


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