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Hyundai Development says reexamining Asiana Airlines buy after deal value undermined
Hyundai Development Wins $220 Mln Construction Deal In S.Korea
Hyundai Development Wins $340 Mln Construction Deal In S.Korea
HDC Hyundai Development Co, formerly Hyundai Development Co, is a Korea-based company mainly engaged in the businesses of construction and real estate development operations. The Company operates its business through two segments. The Construction segment is engaged in construction business such as housing, architecture, civil engineering, and plants, and real estate development business. The Other segment is engaged in the production of precast concrete structures and hotel services business.
Mong Gyu Jung
Sun Ho Gwon
President, Co-Chief Executive Officer, Director
Gyeong Gu Jung
Co-Chief Executive Officer, Managing Director
Dae Cheol Kim
Vice Chairman of the Board
Hyeong Gi Lee
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Korean Air Lines Co Ltd <003490.KS> plans to spend 1.8 trillion won ($1.62 billion) to become the top shareholder of indebted Asiana Airlines Inc <020560.KS>, in aviation's first major consolidation since COVID-19 brought the industry to its knees.
South Korea's Hanjin Group, owner of the nation's largest airline Korean Air Lines Co Ltd , is in talks to acquire debt-ridden Asiana Airlines Inc, local media reported on Thursday, citing unnamed investment banking sources.
Creditors plan to inject $2 billion into debt-ridden Asiana Airlines <020560.KS> after a planned sale of South Korea's second-largest carrier collapsed, a state bank said on Friday.
South Korea's Kumho Industrial said on Friday that its plan to sell Asiana Airlines , South Korea's No.2 carrier, to Hyundai Development Co had fallen apart.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
South Korea's Hyundai Development Co <294870.KS> said on Tuesday it wants new terms for its acquisition of Asiana Airlines <020560.KS> after the carrier's already hefty debt burden increased by some $3.8 billion.
South Korea's Hyundai Development Co said on Tuesday it has told creditors of Asiana Airlines it wants to reconsider the terms of buying the troubled carrier due to "unexpected negative situations coming to light".
South Korea's two state-owned banks said on Tuesday they will provide up to 1.7 trillion won ($1.4 billion) in fresh liquidity to Asiana Airlines <020560.KS>, the country's second-largest carrier, as the industry struggles with the coronavirus crisis.
The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: ** South Korean builder Hyundai Development Co said its consortium has closed on its 2.5 trillion won ($2.16 billion) acquisition of a controlling stake in the country's second-biggest...
South Korean builder Hyundai Development Co <294870.KS> said on Friday its consortium has closed on its 2.5 trillion won ($2.16 billion) acquisition of a controlling stake in the country's second-biggest carrier Asiana Airlines Inc <020560.KS>.
South Korean builder Hyundai Development Co <267850.KS> said on Tuesday its consortium has been picked as the preferred bidder for a controlling stake in Asiana Airlines <020560.KS> and would inject over $1.7 billion into the debt-ridden carrier.
Round-up of South Korean financial markets:
A consortium led by South Korea's construction firm Hyundai Development Co has been picked as the preferred bidder for a controlling stake in Asiana Airlines, the carrier's top shareholder Kumho Industrial said on Tuesday.
Three bidders, including a consortium led by South Korean conglomerate Aekyung, submitted formal bids for a controlling stake in Asiana Airlines Inc , the country's No. 2 carrier, company officials said on Thursday.
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