Shipyard DSME’s future and possibly that of some of the yard’s contracts hang in the balance as its creditors prepare to convene for two days of critical meetings next week to approve the government-backed KRW 2.9 trillion ($2.5bn) bail-out plan and rescheduling of some KRW 3.8 trillion of existing debt.
A series of five meetings — one for each tranche of five corporate bonds — are scheduled for Monday 17 April and Tuesday 18 April.
