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A Kanglim-led consortium is bidding for SsangYong Motor, bringing the total number of bidders to two.
Ssangbangwool Group (SBG) emerged as a white knight for financially troubled SsangYong Motor after its acquisition by Edison Motors fell apart.
Kanglim, a Kosdaq-listed company that makes fire and tanker trucks, is bidding for SsangYong Motor after the wheels came off an acquisition by Edison Motors.
Eastar Jet will be acquired by Sung Jung, a property developer, according to local media reports on Thursday.
A consortium led by Kanglim, an equipment maker run by underwear company Ssangbangwool, was the only bidder in a Monday auction for cash-strapped budget carrier Eastar Jet.
Korea JoongAng Daily Sitemap