Page 2 - Harim News Today

HMMs creditors have opted against selling Koreas largest container shipping company to Harim Group, the nations biggest poultry processing company. The decision amplifies uncertainties surrounding HMMs privatization, particularly in the face of a pessimistic outlook for the logistics industry.

The acquisition of South Korean container shipping firm HMM fell through due to disagreement over future management rights.

 Negotiations to complete the final sale agreement of the controlling share of Korean shipping company HMM collapsed Tuesday night after a marathon fi...

 The proposed sale of a controlling interest in South Korea’s largest carrier, HMM, and the eighth-largest carrier in the container segment, is report...

 South Korea’s largest carrier, HMM, is set to hit a key mark in its growth strategy even as the company continues to face an uncertain future as the...

Unionized sailors of HMM are threatening to go on their first-ever strike in the company’s history, thereby raising concerns over the possibility of setbacks in Harim Group’s plan to acquire the shipping firm and the shipment of goods from the Port of Busan, according to industry officials, Wednesday.

Companies that traditionally focused on manufacturing baby products, are closing the businesses due to the diminishing demand resulting from the countrys low birthrate, according to industry officials, Sunday.

South Korean agri-food giant Harim Group reaffirmed its commitment to use container transportation and shipping company HMM's substantial cash reserves to bolster the shipping firm's global competitiveness as it moves close its acquisition deal, denying concerns about potential misappropriation of funds. “We are committed to making strategic use of HMM's 10 trillion won ($7.7 billion) reserves to...

HMM’s two largest shareholders appear to have differing views on the selection of Harim Group as the preferred bidder to acquire the nation’s largest container shipping company, amid growing skepticism about the poultry processor’s plan to raise 6.4 trillion won ($5 billion) for the takeover, according to industry officials, Sunday.

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the sell-off seen late in the previous session.