Hanjin Heavy Industries Completes Joint Management Procedure with Bond Financial Institutions

[Asia Economy Reporter Oh Hyung-gil] Hanjin Heavy Industries announced on the 17th that the joint management process by creditor financial institutions has ended following the notification from the main creditor bank (Korea Development Bank) in accordance with the resolution of the 12th meeting of creditor financial institutions, as the stock sale and purchase agreement involving a change of the largest shareholder has been finalized.