April 20, 2024
Industrials
Hyundai Samho attracts W400b investment
[THE INVESTOR] Hyundai Samho Heavy Industries, a midsized shipbuilder here, said on June 8 that it has attracted 400 billion won (US$355 million) in investment from a local private equity firm.
The investment is higher than the originally planned 300 billion won, Hyundai Samho said, signaling that investors have shown strong interest in its listing process.
Earlier, the affiliate of Hyundai Heavy Industries said it would sell bonds convertible into its stocks to IMM Private Equity.
The pre-IPO deal is expected to be completed by the end of the month.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The investment is higher than the originally planned 300 billion won, Hyundai Samho said, signaling that investors have shown strong interest in its listing process.
Earlier, the affiliate of Hyundai Heavy Industries said it would sell bonds convertible into its stocks to IMM Private Equity.
The pre-IPO deal is expected to be completed by the end of the month.
By Alex Lee and newswires (alexlee@heraldcorp.com)
