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US firm, 2 local firms submit LOIs for SsangYong Motor


US firm, 2 local firms submit LOIs for SsangYong Motor
Posted : 2021-07-30 15:20
Updated : 2021-07-30 16:12
A U.S. vehicle importer, a South Korea builder and a consortium led by a South Korean electric bus maker submitted letters of intent to acquire SsangYong Motor Co., they said Friday. Yonhap
A U.S. vehicle importer, a South Korea builder and a consortium led by a South Korean electric bus maker submitted letters of intent to acquire SsangYong Motor Co., they said Friday.
U.S.-based Cardinal One Motors, SM Group and Edison Motors Co. joined the race to acquire the financially troubled carmaker to expand their business portfolios. ....

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US firm HAAH to acquire debt-ridden SsangYong Motor: Report


US firm HAAH to acquire debt-ridden SsangYong Motor: Report
​ By
IANS
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US firm HAAH to acquire debt-ridden SsangYong Motor: Report. Image Source: IANS News
Seoul, July 25 : The head of US-based vehicle importer HAAH Automotive Holdings has said the company is set to submit its letter of intent (LoI) next week to acquire the debt-ridden SsangYong Motor Co, industry sources said on Sunday.
SsangYong s Indian parent Mahindra & Mahindra Ltd had been in talks with HAAH to sell its majority stake in the Korean unit since last year as part of its global reorganisation plan amid the Covid-19 pandemic.
In 2011, Mahindra acquired a 70 per cent stake in SsangYong for 523 billion won and now holds a 74.65 per cent stake in the SUV-focused carmaker. ....

Soult Ukpyolsi , South Korea , United States , Cholla Namdo , Duke Hale , Ssangyong Indian , Automotive Holdings , Mahindra Ltd , Seoul Bankruptcy Court , Ssangyong Motor Co , Samjong Accounting Corp , Accounting Corp , தெற்கு கொரியா , ஒன்றுபட்டது மாநிலங்களில் , டியூக் ஹேல் , ஸ்சங்கியோங் இந்தியன் , தானியங்கி ஹோல்டிங்ஸ் , மஹிந்திரா லிமிடெட் , சியோல் திவால்நிலை நீதிமன்றம் , ஸ்சங்கியோங் மோட்டார் இணை , கணக்குவைப்பு முறை கார்ப் ,