Court Approves Homeplus Rehabilitation Plan… 75.9% of Creditors Agree (Roundup)
4 Articles
4 Articles
(Seoul = Yonhap News) Reporter Lee Young-seop = The court approved the rehabilitation plan prepared by Homeplus, which is undergoing corporate rehabilitation proceedings (court receivership).
Homeplus, which is currently undergoing corporate rehabilitation proceedings, had its rehabilitation plan passed at a meeting of interested parties on the 2nd, prompting the court to issue an approval decision. On the 2nd, the 4th Rehabilitation Division of the Seoul Rehabilitation Court (Presiding Judge Jeong Jun-young) stated, “The requirements for the approval of a rehabilitation plan stipulated in the Debtor Rehabilitation Act are recognized…
The corporate rehabilitation process has begun in earnest as the Seoul Rehabilitation Court approved Homeplus's rehabilitation plan. The approval decision was made with the consent of 100% of secured creditors and 75.9% of unsecured creditors, and Homeplus plans to proceed with asset sales and business normalization in the future.
The court has approved the rehabilitation plan prepared by Homeplus, which is currently undergoing corporate rehabilitation proceedings (court-supervised management). The rehabilitation proceedings will conclude once repayments begin in accordance with the plan. On the 2nd, the 4th Rehabilitation Division of the Seoul Rehabilitation Court (Chief Judge Jung Jun-young) held a meeting of interested parties to vote on the Homeplus rehabilitation pl…
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Bias Distribution
- 67% of the sources lean Right
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