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$Doosan Heavy Sells Stake in Doosan Infracore for 850 bln Won$

Doosan Heavy Sells Stake in Doosan Infracore for 850 bln Won

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 [...]

CJ Cheiljedang to Sell Stake in Samsung Affiliate via Block Deal

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 [...]