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MBK Partners acquires FCCL maker NexFlex

MBK Partners is adding Korea s top flexible copper clad laminate (FCCL) maker NexFlex to its investment portfolio, as Asia s largest private equity firm signed a stock purchase agreement (SPA) with SkyLake Equity Partners, the owner of the FCCL manufacturer, late last week.

Woori Bank CEO abruptly resigns

Woori Bank CEO Lee Won-duk tendered his resignation, Tuesday, in the lead-up to the official appointment of new Woori Financial Group Chairman Yim Jong-ryong who competed with Lee for the nomination last month. Lee s decision came on the same day the banking group carried out a reshuffle of the CEOs of eight affiliates whose terms expired.

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