[Infostock Daily= Reporter An Hoe Hyun] Hyosung announced in a public announcement on the 15th that it has selected ST Leaders Private Equity Limited Company as the preferred bidder and White Whale Group as the second-preferred bidder for the sale of its stake in Hyosung Capital.
Hyosung Capital's sale is due to the sale of Hyosung Capital's stake by December this year in accordance with the Fair Trade Act's regulations on the separation of financial and industrial capital.
After the final bid on the 28th of last month, Hyosung completed the selection of a preferred bidder after a two-week internal review of the key terms of the proposal.
Hyosung owns 8,840,154 shares and 97.5% of Hyosung Capital.
Reporter An Hoe Hyun ahh@infostock.co.kr
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