letter of intent Archives | Be Korea-savvy

Underwear Firm Ssangbangwool Submits LOI for SsangYong

SEOUL, June 9 (Korea Bizwire) — South Korean underwear company Ssangbangwool said Thursday it has submitted a letter of intent (LOI) to acquire SsangYong Motor Co. with an auction scheduled later this month to find a new investor. SsangYong’s lead manager EY Hanyoung accounting firm received LOIs from interested companies for SsangYong until 3 p.m. [...]

OmniComm Systems Signs Letter of Intent to Acquire Certain Assets of Algorithm and its Subsidiary Algorics

FORT LAUDERDALE, Fla., Nov. 21 (Korea Bizwire) — OmniComm Systems, Inc. (OTCQX:OMCM), a leading global provider of clinical data management technology, and Algorithm, Inc. and its subsidiaries Algorics Ltd. and Algorithm Informatics Pvt. Ltd. (collectively, “Algorics”), have signed a letter of intent (“LOI”), under which OmniComm will acquire certain assets and assume certain liabilities of [...]