{"id":2799,"date":"2010-03-18T13:14:00","date_gmt":"2010-03-18T13:14:00","guid":{"rendered":"https:\/\/mercator.nfdtesting.uk\/propulsion-and-future-fuels-conference\/2010\/03\/18\/stx-to-acquire-daehan\/"},"modified":"2010-03-18T13:14:00","modified_gmt":"2010-03-18T13:14:00","slug":"stx-to-acquire-daehan","status":"publish","type":"post","link":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/news\/general-news\/stx-to-acquire-daehan\/","title":{"rendered":"STX to acquire Daehan"},"content":{"rendered":"<p>STX said it submitted a proposal for participating in the main bid for acquisition of Daehan Shipbuilding proceeded by creditors including Korea Industrial Bank (KIB) on 16 March. In the main bid, two or three other shipping companies have participated, including STX and a shipping company from the United Arab Emirates (UAE).<\/p>\n<p>Creditors plan to have individual negotiations on debt adjustment and conversion of investment with bid participants for about one month. \u201cAcquiring Daehan will pose a relatively less financial burden for us as the creditors will make a debt-equity swap of Daehan Shipbuilding\u2019s debt. The size of docks in Daehan\u2019s shipyard is much larger than ours. I am sure it will create a great synergy when we take over the Daehan shipbuilding,\u201d a source from STX said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s STX is to take over Daehan Shipbuilding Co., an enterprise of middle standing in South Korea currently undergoing a company restructuring program.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"sponsor":[],"class_list":["post-2799","post","type-post","status-publish","format-standard","hentry","category-general-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/2799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/comments?post=2799"}],"version-history":[{"count":0,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/2799\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media?parent=2799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/categories?post=2799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/tags?post=2799"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/sponsor?post=2799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}