SEOUL, March 10 (Korea Bizwire) — South Korea’s conglomerate Doosan Group said it has acquired Tesna Inc., the nation’s top chip test service provider, jumping into the semiconductor market. Doosan Corp., the holding company of Doosan Group, held a board meeting on Tuesday and made the final decision for the acquisition. Doosan signed a Sales [...]
SEOUL, April 20 (Korea Bizwire) — Doosan Group said Tuesday that it has been gearing up to tap the global hydrogen market by forming a task force to conduct market research. Doosan Group formed a task force under its holding company Doosan Corp. to conduct the project that will review the markets of production, distribution [...]
SEOUL, Sept. 21 (Korea Bizwire) — Cash-squeezed Doosan Group said Monday that it has signed a deal with a local private equity fund to sell its headquarters building in Seoul for 800 billion won (US$689 million). The sale of Doosan Tower is part of Doosan Group’s plan to repay its 3 trillion won in debt [...]
SEOUL, Sept. 4 (Korea Bizwire) — Cash-squeezed Doosan Group said Friday that it will repay 3 trillion won (US$2.5 billion) in debt to its main creditors by selling new shares of Doosan Heavy Industries & Construction Co. and other affiliates’ assets. Doosan Heavy Industries & Construction is to float new shares worth 1.3 trillion won [...]
SEOUL, July 13 (Korea Bizwire) — South Korea’s cash-squeezed Doosan Group’s efforts to repay its debts have been on a roll, with its target to repay its debts worth 1 trillion won (US$800 million) by the end of the year appearing to be attainable. The group, however, has confirmed only two deals to sell its [...]
SEOUL, June 23 (Korea Bizwire) — Cash-squeezed Doosan Group will focus on its clean energy-related business while selling off others, such as its power plant construction business, in return for financial assistance from its creditors, industry sources said Tuesday. State-run banks the Korea Development Bank and the Export-Import Bank of Korea injected 3.6 trillion won [...]
SEOUL, June 16 (Korea Bizwire) — Cash-strapped Doosan Group plans to sell its key construction equipment maker unit Doosan Infracore Co. as part of its self-rescue measures to receive financial support from creditor banks, industry sources said Tuesday. South Korea’s 15th-largest conglomerate is seeking to sell its shares and assets to improve its financial structure [...]
SEOUL, June 11 (Korea Bizwire) — Debt-laden Doosan Group will raise 1 trillion won (US$800 million) this year by selling new shares and its assets to ease its cash shortage crisis, the group’s chairman said Thursday. Park Jeong Won, chairman of the group, said the group will push for sales of its assets in line [...]
SEOUL, June 1 (Korea Bizwire) — Creditors of cash-strapped Doosan Group decided Monday to provide an additional 1.2-trillion-won (US$1 billion) to the conglomerate. Main creditors, such as Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank), said they agreed to give financial support at a meeting held on the day. The creditors have [...]
SEOUL, May 25 (Korea Bizwire) — Heavy machinery and power equipment-focused Doosan Group is seeking to ease its severe credit squeeze stemming from its flagship Doosan Heavy Industries & Construction Co. by coming up with a self-rescue plan that centers on sales of assets. The country’s 15th-largest conglomerate said late last month that it will [...]