Doosan Heavy names preferred bidder for golf course

Home > Business > Industry

print dictionary print

Doosan Heavy names preferred bidder for golf course

Doosan Heavy Industries & Construction said Monday that a group led by Hana Financial Investment is the preferred bidder for a golf course it owns.
 
Power plant builder Doosan Heavy is selling non-core assets to tide over a liquidity crunch.
 
The consortium, which bid 100.8 billion won ($84.1 million) for the golf course, will scrutinize its books for two weeks, the company said.

 
Doosan Heavy said it will complete the deal next month.
 
The Doosan Group is trying to pay 3.6 trillion won in debt extended by its main creditors, the Korea Development Bank and the Export-Import Bank of Korea.
 
Doosan Heavy plans to repay about 1 trillion won within this year by selling assets, including its 36 percent stake in construction equipment maker Doosan Infracore.
 
Doosan Corporation, the parent of the power plant maker, will sell business divisions including oil pressure machine maker Doosan Mottro and affiliates such as copper foil maker Doosan Solus and venture capital firm Neoplux.
 
Yonhap

More in Industry

Chaebol heads talk shop at closed-door dinner

Arkana arrives

Low battery

Kitting up

I've got two words for you: Biodegradable plastic

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