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Hyundai Global Service raises $721m in pre-IPO financing

SEOUL: South Korea’s Hyundai Heavy Industries Holdings has raised 800 billion won ($720.93 million) through the pre-initial public offering (IPO) financing of affiliate Hyundai Global Service, the firm said on Tuesday. Hyundai Heavy said it signed a pact to sell 38 percent of Hyundai Global Service shares to US investment firm KKR for 646 billion won, adding that it would get

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