Orix Gives Up Bid to Buy Hyundai Securities

SEOUL, Oct. 19 (Yonhap) – Japanese private equity firm Orix has given up its bid to buy Hyundai Securities Co., local financial sources said Monday. According to insiders, Orix informed Hyundai Group, which had placed the brokerage firm on sale, that it will not extend negotiations designed to purchase the company, without disclosing further details. [...]