News and analysis on global M&A and corporate financing strategies

Finance / South Korea

Kumho Liquidity Difficulties Highlight Consolidation Possibilities

July 2011 | Corporate Financing Analysis

South Korea-based Kumho Industrial , the construction unit of Kumho Asiana Group , announced that it has sold part of its stake in South Korea-based Daewoo Engineering & Construction (Daewoo E&C) for KRW273bn (US$259.7mn) as part of a plant to boost the company's financial position.

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