The chief of Korean electric bus maker Edison Motors has been indicted on charges of gaining illegal profits from stock trading after the share price of a subsidiary rose during the company s attempt to acquire SsangYong Motors, officials said Tuesday.
A major deal has transpired in South Korea to start the year with the country's bankruptcy court approving electric vehicle start-up Edison Motors Co.'s acquisition of struggling carmaker Ssangyong Motor Co in a $254.7 million takeover deal.
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