Most Popular
-
1
Now is no time to add pressure on businesses: top executives
-
2
CJ CheilJedang to spur overseas growth with new Hungary, US plants
-
3
Seoul to host winter festival from Dec. 13
-
4
Nationwide rail disruptions feared as union plans strike from Dec. 5
-
5
Blackpink's solo journeys: Complementary paths, not competition
-
6
N. Korea, Russia court softer image: From animal diplomacy to tourism
-
7
Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
-
8
[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
-
9
Actor Song Joong-ki welcomes second child in Rome
-
10
Main opposition pushes to ease, not postpone, tax on crypto gains
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
Mirae Asset joins LK Investment for Hyundai Securities takeover
By Park Hyung-kiPublished : March 20, 2016 - 14:50
Mirae Asset Securities is expected to participate in a bid for Hyundai Securities through its investment in a private equity fund, according to news reports Sunday.
The brokerage, which recently took over Daewoo Securities from the state-run Korea Development Bank, has reportedly decided to invest about 500 billion won ($430 million) in LK Investment Partners private equity for the acquisition.
LK, KB Financial Group and Korea Investment Holdings have submitted their letters of intent to purchase Hyundai Securities, whose sale will be managed by Ernst & Young Han Young accounting and professional services firm.
KB and Korea Investment previously lost out to Mirae in a takeover bid for Daewoo Securities.
Should LK acquire Hyundai Securities, Mirae Asset’s equity capital is expected to exceed 5.8 trillion won, including that of Daewoo. Hyundai Group has put its brokerage house on sale amid a cash crunch following its debt trouble with its struggling shipping company -- Hyundai Merchant Marine.
(hkp@heraldcorp.com)
The brokerage, which recently took over Daewoo Securities from the state-run Korea Development Bank, has reportedly decided to invest about 500 billion won ($430 million) in LK Investment Partners private equity for the acquisition.
LK, KB Financial Group and Korea Investment Holdings have submitted their letters of intent to purchase Hyundai Securities, whose sale will be managed by Ernst & Young Han Young accounting and professional services firm.
KB and Korea Investment previously lost out to Mirae in a takeover bid for Daewoo Securities.
Should LK acquire Hyundai Securities, Mirae Asset’s equity capital is expected to exceed 5.8 trillion won, including that of Daewoo. Hyundai Group has put its brokerage house on sale amid a cash crunch following its debt trouble with its struggling shipping company -- Hyundai Merchant Marine.
(hkp@heraldcorp.com)
![[Today’s K-pop] Babymonster logs 100m views with ‘Drip’ music video](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/11/22/20241122050051_0.jpg&u=20241122172213)