SsangYong Motor files for court receivership in Korea

On December 21, SsangYong Motor filed for court receivership in Korea.
The parent company of SsangYong Motor, Mahindra, referred to the letter of September, 2020, intimating that the shareholders of the company have approved transfer/dilution of stake in SsangYong Motor Company (“SYMC”), and/or cessation of control ....

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