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With regard to Woori Financial Group's plan to acquire Daol Investment, the country's top-notch venture capital firm, Align Partners, which holds about 1 percent of the financial group's shares, has voiced its opposition to the deal. After the venture capital firm was put up on the M&A market late last year, Woori Financial declared its intent to acquire the company to the firm managing the sale.
Continuing its aggressive restructuring, Daol Financial Group decided to sell its credit rating agency affiliate earlier this week. The move is in line with its latest efforts to secure liquidity by selling its key affiliates. The group said it signed an agreement with Mason Capital Management and Lead Capital Management on Wednesday to sell its 100 percent stake in the credit rating subsidiary at a price of 13 billion won ($10.2 million).
SK Group's headquarters in Seoul South Korean conglomerate SK Group is considering selling some of its assets in Vietnam and Malaysia owned by its investment v
SK Group's headquarters in Seoul South Korean conglomerate SK Group is considering selling some of its assets in Vietnam and Malaysia owned by its investment v
The company, led by co-founder Prateek Maheshwari and the strategy team, aims to become a full-stack edtech company through multiple acquisitions.