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SSANGYONG MOTOR CO.’S INCREASING DEBT MAKES AUDIOTR REJECT FINANCIAL REPORTS

Published On 24 Mar 2021 07:02 AM


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Highlights –

  • SsangYong Motor Co.’s increasing debt makes auditor reject financial reports.
  • Samjong KPMG questioned the automakers ability to continue its business.
  • The SUV-focused automaker logged $398 million in operating loss in 2020.
  • As of the end of 2020, SsangYong reported its debt rate to stand at 111.8 percent.

On Tuesday, cash strapped Ssa....


Tags : SSANGYONG MOTOR CO., SSANGYONG MOTOR UNION, MAHINDRA & MAHINDRA LTD., SAMJONG KPMG, SSANGYONG AUDIT REPORTS, KOSPI, KOREA EXCHANGE,
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