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Local builder makes solo bid for Kumho Industrial

2015-04-28 13:27:03| Industrial Machines - Topix.net

Hoban Construction Co., a mid-sized local builder, made a solo final bid for a controlling stake in Kumho Industrial Co., the de facto holding firm of Kumho Asiana Group that controls Asiana Airlines Inc., the country's No. 2 air carrier.

Tags: local makes industrial solo

 

PEFs, builder join competition to buy Kumho Industrial

2015-02-25 11:54:25| Industrial Machines - Topix.net

The heated race to take a 57.48 percent stake in Kumho Industrial, the de facto holding company of Kumho Asiana Group, started Wednesday among private equity funds, Shinsegae Group, and a domestic builder. Four domestic private equity funds, retail giant Shinsegae, and Hoban Construction, a mid-tier local builder, have joined the bid by submitting a letter of intent to underwriters.

Tags: buy join industrial competition

 
 

Tycoon Park at crossroads on fate of Kumho Asiana Group

2015-02-23 12:52:18| Industrial Machines - Topix.net

Kumho Asiana Group chairman Park Sam-koo faces a make-or-break decision to realize his plan to rebuild his empire with the largest shareholder of Kumho Express proposing a final takeover offer for the bus unit on Monday. IBK Securities-Keistone Partners, which holds a 100 percent stake in Kumho Express, proposed a final offer for the acquisition deal to Kumho Asiana Group, which previously owned the bus unit.

Tags: group park fate crossroads

 

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.

Tags: firm chief holding seeks

 

Kumho brothers' feud reignited

2014-09-03 16:42:51| Industrial Machines - Topix.net

The feud between the two brothers of the Kumho family has been reignited, after Kumho Petrochemical chairman Park Chan-koo's recently accused his elder brother, Kumho Asiana Group chairman Park Sam-koo, of breach of trust.

Tags: brothers feud kumho reignited

 

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