Negotiations between creditor banks of the financially troubled Hanjin Heavy Industries and Construction Co. Philippines and a “particular entity” on a possible investment are expected to be finalized by next month, the Subic Bay Metropolitan Authority (SBMA) said on Thursday.
“[A]s we speak they are now in what they call an exclusivity discussion with a particular entity already,” SBMA Chairman and Administrator Wilma T. Eisma said following the groundbreaking ceremony of Subic Freeport Expressway (SFEX) capacity expansion.
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