All posts tagged Woori Bank

Woori Bank gains approval for acquisition of Bank Saudara stake

Yonhap Infomax reported that Woori Bank has received regulatory approval for the acquisition of a stake in Bank Saudara that it had proposed.  Woori Bank is a unit of listed South Korea-based Woori Finance. The report cited Woori Bank’s announcement […]

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BST consortium acquires Millinet Solar for USD 46.3m – sources

The consortium led by BST, a privately held South Korea-based tempered glass maker, acquired 100% of Millinet Solar, a defunct solar cell producer, for KRW 52bn (USD 46.3m),

Woori sells stake in Byucksan E&C

The Korean banking unit of Woori Finance, Woori Bank, officially announced yesterday that they have sold their entire stake in Byucksan Engineering & Construction (E&C), the listed Korean

Uamco will acquire Shinsung E&C

Uamco, the bad asset management firm, plans to acquire Shinsung Engineering and Construction (E&C), a Korean construction company, for 26 billion won (USD 23.1 million) according to a

New “split-sale” of Woori Financial Group

The Financial Services Commission (FSC) has scrapped its plan to sell Woori Financial’s subsidiaries in a block deal and now plans to pursue a “split-sale” method to privatize

Halla E&C attempts to diversify through M&A

A listed Korean construction firm, Halla Engineering & Construction (E&C) plans to actively pursue M&A for diversification.  The company’s plan is called “Innovation and Challenge 2013”, where Halla

Bidders Emerge in Daewoo Electronics Sale

Three companies, including Electrolux AB are said to have made bids to acquire appliance maker Daewoo Electronics. According to reporting by Business Insider, the other bidders were SM Group and


Kumho Tire Capital Raising Scheduled for May

Shareholders of Kumho Tire are understood to have entered in-depth discussions last week to decide on the details of a 110 billion won new share sale set for

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KAMCO Posts Ssangyong E&C Sale Notice

The awaited sale of Korea Asset Management Company's (KAMCO) 38.75 percent stake in Ssangyong Engineering & Construction moved forward yesterday when KAMCO posted an official notice  of the

Analysts optimistic as creditors announce 3rd Hynix sale

Reuters has reported that the creditors of Hynix Semiconductor, including Korea Finance Corp (KoFC), Shinhan Bank, Woori Bank and Korea Exchange Bank (KEB), have announced their third attempt

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