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Kumho chief seeks to retake holding firm

2015-01-18 14:46:13| Industrial Machines - Topix.net

A tough bidding war for Kumho Industrial, the de facto holding company of Kumho Asiana Group, is set to begin this month. The state-run Korea Development Bank and other creditors of Kumho Industrial sent an information memorandum to major conglomerates and financial investors on Jan. 15 on the selloff of their 57.5 percent stake in the company, after a debt workout program was completed last month.

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