Talks break down for sale of top container shipper HMM
Negotiations on the sale of South Korea's top container shipper HMM to a local consortium fell apart due to differences over some issues, creditors said Wednesday.
Source: koreatimes.co.kr
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HMM sale slips off table
The sale of top container shipper HMM drifted away late Tuesday, as negotiations between two state agencies and a local consortium broke off after weeks of remaining at odds over the terms. The state-run Korea Development Bank and Korean Ocean Business Corp. holding a combined 57.9 percent stake in HMM, had been in talks with a local consortium formed by agri-food giant Harim and private equity firm JKL Partners, to ...
Source: koreaherald.com
Harim named preferred bidder for top container shipper HMM
A consortium led by Harim Group was picked Monday as the preferred bidder for South Korea's top container shipper HMM Co., controlling shareholders said, heralding the start of its privatization. Last month, two state agencies -- the state-run Korea Development Bank (KDB) and the Korean Ocean Business Corp. -- conducted a final bidding for their controlling stake in HMM, drawing the Harim-JKL Partners consortium...
Source: koreaherald.com
Lee Jung Jae donates his entire award prize money to support struggling filmmakers
As the year draws to a close, acclaimed actor Lee Jung Jae has performed a significant act of kindness. Recently honored with the 'Beautiful Artist A…
Source: allkpop.com