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Business deals

South Korean shipbuilder Hanjin Heavy put up for sale

Creditors agree to sell part of their 83% stake in troubled company

South Korean and Philippine creditors have agreed to sell part of their stakes in Hanjin Heavy Industries. (Photo courtesy of HHIC Philippines) 

SEOUL -- Hanjin Heavy Industries & Construction has been put up for sale after the troubled shipbuilder's creditors in South Korea and the Philippines agreed to sell part of their combined 83.45% stake by the end of this year.

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