SEOUL, March 18 (Korea Bizwire) — Hanwha Group, a South Korean energy-to-defense conglomerate, plans to sell half of its stake in U.S. electric truck maker Nikola Corp., the two companies said Thursday. Green Nikola Holdings, Hanwha’s U.S. subsidiary that holds a 5.65 percent share in Nikola, plans to sell up to 11.1 million shares over [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s power plant builder Doosan Heavy Industries & Construction Co. said Friday that its board of directors has decided to sell the company’s 35 percent stake in Doosan Infracore Co. for 850 billion won (US$757 million) to global shipbuilding holding company Hyundai Heavy Industries Holdings Co. (HHIH). Cash-strapped [...]
SEOUL, Jul. 12 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading maker of processed foods, said Wednesday it will sell all of its stake in Samsung’s life insurer through block trading, as the company pushes to jack up investment. The company will unload 2.98 million shares worth 357 billion won (US$311 million), or a [...]