Ruling on Doosan Infracore s China unit amplifies uncertainties
Posted : 2021-01-11 16:32
By Baek Byung-yeul
Attention is growing over lawsuits involving Doosan Infracore s Chinese subsidiary Doosan Infracore China Co. (DICC) as the legal battle between the construction equipment s Chinese unit and its investors will begin at the Supreme Court, Jan. 14.
The court ruling is expected to decide the fate of Doosan Group s corporate restructuring plan as the group s construction arm Doosan Heavy Industries & Construction put its stake in Doosan Infracore up for sale as part of its self-rescue effort. Doosan Heavy Industries & Construction is the largest shareholder of Doosan Infracore, owning a 35.4 percent stake.
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