10-Feb-2010 11:28 AM

Kumho Asiana Group to receive USD326 million in fresh loans from creditors

Asiana Airlines' parent, Kumho Asiana Group, is reportedly expected to receive USD326 million (KRW380 billion) in fresh loans from creditors for two of its subsidiaries, Kumho Industrial Co and Kumho Tire Co, under a debt rescheduling scheme (The Korea Herald, 10-Feb-2010). Asiana's shares soared 13.6% yesterday. [more - Share Wrap]