DSME worth only $4.5bn if liquidated

Restructuring Korean shipbuilder DSME will be worth only KRW 5 trillion ($4.5bn) if it is liquidated.

This compares to an asset-value of KRW 15 trillion, a report by auditor Samjong KPMG and creditor Korea Development Bank showed, according to the Korea Economic Daily.

The shipyard has debts of KRW 21.5 trillion.

Banks could lose up to 80% of loans if the yard was declared bankrupt.

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