S.Korea's Daewoo Motor ends creditors' debt overhaul

Newswire

SEOUL, Nov 22 (Reuters) - Daewoo Motor Sales Co said on Friday it had agreed with creditors to end a debt rescheduling programme set up in 1999, as it was now generating enough profits to service debt. The independent distributor for GM Daewoo Auto & Technology Co and other carmakers made the announcement in a public notice to the stock exchange. Its debt-to-equity ratio stood at 130 percent in September, down from 230 percent three years ago, the company said earlier this month. ...

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