Ssangyong approves $33 million special fund usage from M&M, Auto News, ET Auto

Ssangyong Motor in a statement said its board approved the use of the fund at a meeting on Friday, and that it will use it to resolve imminent liquidity issues and to relieve market concern.
Ssangyong Motor in a statement said its board approved the use of the fund at a meeting on Friday, and that it will use it to resolve imminent liquidity issues and to relieve market concern.

SEOUL: South Korea’s Ssangyong Motor Co Ltd on Sunday said it has approved the use of a 40 billion won ($32.86 million) special fund raised by its biggest shareholder to help ease liquidity concern amid cooling demand due to the coronavirus.

Ssangyong Motor in a statement said its board approved the use of the fund at a meeting on Friday, and that it will use

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