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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Skepticism persists over eBay s successful exit from Korea
Posted : 2021-01-06 16:20
Goldman Sachs, Morgan Stanley said to handle tall task
By Park Jae-hyuk
Local brokerage analysts have expressed skepticism over whether Goldman Sachs and Morgan Stanley will be able to help eBay sell its sluggish Korean operation for the price it wants, 5 trillion won ($4.6 billion).
According to media reports and industry sources, Wednesday, the U.S. e-commerce giant hired the two global investment banks late last year as dual-underwriters in the unloading of eBay Korea ― replacing Credit Suisse. The latter was unable to get the deal done successfully last year.
Online lender Kakao Bank conducts W1tr rights issue |
The corporate logo of Kakao Bank (Yonhap)
Kakao Bank, South Korea s top internet-only lender, said Wednesday it has recently completed a capital increase of 1 trillion won ($920 million) to improve its loss-absorbing ability and provide more loans for low- and mid-credit borrowers.
TPG Capital of the United States and Anchor Equity Partners of Hong Kong have newly bought shares worth 250 billion won, or a 2.61 percent stake, respectively, the lender said.
An additional 500 billion won worth of shares have been sold to existing shareholders, including Kakao Corp., the operator of South Korea s dominant messaging app KakaoTalk.
S Korean digital bank Kakao Bank picks advisors for proposed IPO Premium
South Korean digital bank Kakao Bank Corp has picked advisors for its planned initial public offering (IPO), a spokesman said on Thursday.
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