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Posted : 2021-04-21 10:53 Updated : 2021-04-21 10:53 A couple of domestic investors appear to be interested in acquiring Daewoo Engineering Construction Co. as improving performances have boosted the builder s corporate value, sources said Wednesday. Prospective buyers include local private equity fund Sky Lake Investment, which has recently taken over Doosan Solus Co., a South Korean copper foil maker, according to them. KDB Investment Co., a corporate restructuring arm of the state-run Korea Development Bank (KDB), is the biggest shareholder of Daewoo EC with a 50.75 percent stake. KDB sold its stake in Daewoo EC to KDB Investment in 2019, two years after it failed to sell the construction company. ....
Cash-strapped Doosan Heavy improves financial health via self-rescue plan | This file photo, provided by Doosan Heavy Industries & Construction Co. on Aug. 12, 2020, shows a view of the power plant builder s plant in Changwon, 398 kilomters south of Seoul. (Doosan Heavy Industries & Construction Co.) Cash-strapped Doosan Heavy Industries & Construction Co. has improved its financial health this year by selling new shares and assets and receiving financial help from its holding company Doosan Corp. and key shareholders, a local rating appraiser said Thursday. Doosan Heavy has been improving its financial status and reducing its debts on the back of Doosan Group s self-rescue plan, NICE Investors Service said in its report. ....