Three local companies bid for LS Networks’ eBEST

Home > Business > Finance

print dictionary print

Three local companies bid for LS Networks’ eBEST

Three local companies made bids for eBEST Investment & Securities, a small securities company focusing on online trading, in a tender offer that closed Monday. The three participants were Apro Service Group, a consumer finance provider; private equity fund Whale Investment; and Cape Investment & Securities. Apparel company LS Networks is selling eBEST to improve its finances.

The bids reportedly were above 400 billion won ($349 million), and the company has capital worth 372.4 billion won. This was the third attempt to sell the company. As many as five companies did due diligence to potentially acquire eBEST.


By Park Eun-jee

More in Finance

Kospi breaks another record as buying spree continues

Samsung Life warned by the FSS about claim denials

Dollar's weakness pushes won to 30-month high

Kospi hits another high on chipmaker optimism

Eight companies agree to share credit card data

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now