The Korea Corporate Governance Improvement (KCGI) has decided to sell its 6.92 percent stake in Osstem Implant during a tender offer launched late last month by a consortium made up of Unison Capital Korea and MBK Partners, according to the activist fund. The tender offer is scheduled to last through Feb. 24.
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A former employee of dental implant maker Osstem Implant was sentenced to 35 years in prison Wednesday for embezzling company funds worth 221.5 billion won ($178.1 million).