Fried chicken chain bids for Outback Steakhouse Korea kedglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kedglobal.com Daily Mail and Mail on Sunday newspapers.
Hanwha scion draws attention amid envisioned sale of Daewoo E&C
Posted : 2021-05-05 15:59
By Park Jae-hyuk, Kim Hyun-bin
Hanwha Group Chairman Kim Seung-youn s youngest son, Kim Dong-seon, who is in charge of global strategies at affiliate Hanwha Energy, has come under the spotlight recently for his close relationship with potential buyers of Daewoo Engineering & Construction (Daewoo E&C).
Hanwha headquarters in SeoulAfter the builder s owner, KDB Investment, made an apparent attempt to encourage the sale, promoting Daewoo E&C Chief Financial Officer (CFO) Chung Hang-ki to the position of president last month, tasking him with the deal, local real estate developer, DS Networks, and domestic private equity firm (PEF), SkyLake Equity Partners, were said to have formed a consortium with foreign infrastructure investor, IPM, to take part in the bid.
Daewoo E&C shares rise on reports of merger talks
Posted : 2021-04-20 16:55
SkyLake Investment expected to bid for Daewoo E&C s acquisition
By Anna J. Park
Daewoo Engineering & Construction shares closed up over 5 percent Tuesday on news that the builder is again up for sale.
Daewoo E&C finished at 7,210 won ($6.48), up 5.1 percent from the previous session. Foreign as well as institutional investors were behind the buying spree, as retail investors were net sellers. The stock price touched a 52-week high of 7,250 won briefly at around noon. But the stock edged down to finish at 7,210 won. With the price surge, the market cap of the construction company founded back in 1973 rose to 2.99 trillion won.
SkyLake in hot seat over CEO s involvement in Seoul mayoral election koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.