Saturday 19 Apr 2014

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UPDATE: Five companies have placed binding bids for Woongjin Foods

Woongjin Foods received binding bids from five companies at the end of yesterday’s deadline, according to a report in Maeil Business. According to investment bank sector sources cited in the piece, the bidders include Binggrae, Shinsegae Food, Hahn & Company, […]

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LIG Engineering & Construction sale fails to attract a buyer

LIG Engineering & Construction (E&C), the unlisted Korean construction company, has failed to attract a buyer, according to a recent report in the Asia Economy. The bid deadline of

IBK to sell subsidiaries IBK Capital and IBK Investment & Securities

IBK, the state-run Industrial Bank of Korea, will sell two if its unlisted subsidiaries, IBK Capital and IBK Investment & Securities, according to a report in the Korea

Hwashin Tech sells stake in Sae Hwa Shin

The listed Korean machinery maker, Hwashin Tech, announced via a stock exchange statement yesterday that it has agreed to sell their 40 percent stake for 33 billion won

Youngheung Iron & Steel to merge with Sehwa Express

Yesterday, the listed Korean manufacturer, Youngheung Iron & Steel announced through a stock exchange statement that it would absorb Sehwa Express through a share swap in order to

Kogas suspends stake sale in Santos GLNG project

Korea Gas Corporation (Kogas) has officially suspended its plan to sell their stake in the Santos GLNG project, according to a report in Money Today. An energy sector source

MBK Partners to acquire ING Korea

MBK Partners, the Korean PE fund, will acquire ING Korea from ING, the Netherlands insurance group, through a stock purchase agreement (SPA) today, according to a report in

Dongbu Express receives four binding bids

The Dongbu Express sale has received four binding bids as of the 20 August deadline from Q Capital, KStone, Standard Chartered Private Equity, and IBK Investment & Securities,

10% stake in Innocean Worldwide for sale

Hyundai Motor Company’s advertising agency, Innocean Worldwide, will put a 10 percent stake up for sale, according to a report in the Korea Economic Daily yesterday. Chung Mong-koo Foundation,

Kumho Industrial creditors to grant Kumho Asiana Group president first refusal rights for controlling stake

Kumho Industrial will grant Park Sam-gu, the president of the Kumho Asiana Group, the first refusal rights for their controlling stake in the listed Korean constructor, according to

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