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News 2026-09-30 02:45 UTC

Samyung ENC reorganization plan approved by Busan court on Sept. 29

Busan Rehabilitation Court confirmed Samyung ENC’s reorganization plan on Sept. 29, 2026: secured claims repaid 100% in cash with post-commencement interest waived; most unsecured claims convert 83.92% into equity and 16.08% paid in cash, with interest waived; existing shares consolidated 4-for-1 and 80% of related-par