Hyundai Heavy Industries is the latest shipbuilder to be linked to a takeover of Hanjin Heavy Industries & Construction's Philippines yard, which is under court rehabilitation.
Philippines defence secretary Delfin Lorenzana told reporters: “Lately, I also heard that Hyundai of Korea is also interested,” according to the Business Mirror.
He said companies from the US, Japan, South Korea, Indonesia, Turkey, Europe and Australia are also keen on moving in at the Subic Bay plant.
