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Can rich builder take over Asiana?

2015-03-26 14:17:12| Industrial Machines - Topix.net

Hoban Construction, a mid-tier local builder, showed much confidence in winning a controlling stake in Kumho Industrial, saying the company has enough cash to satisfy creditors. Kim Sang-yeol, founder and chairman of Hoban Construction, said his firm is in a position to bid 1 trillion won to acquire a 57.5 percent stake in Kumho Industrial, which owns key affiliates of Kumho Asiana Group, including the country's second-biggest air carrier Asiana Airlines.

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