Kumho Tire Debt Plan Approved

The Business Financial Newswire reports that Kumho Tire’s creditors have frozen the company’s debt repayment between December 30 and April 5 and have given their approval to a plan to place the company under a debt-workout programme. Under the workout programme, the due diligence process on the company before a final restructuring programme is agreed upon is expected to take about six-to-eight weeks.