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Photo: Aekyung Group headquarters, courtesy of Aekyung Group |
[Alpha Biz= Paul Lee] SEOUL – Aekyung Group announced on July 29 that it has begun due diligence with selected bidders for the sale of its flagship company, Aekyung Industrial.
Holding company AK Holdings stated in a regulatory filing that it has received letters of intent (LOIs) from interested buyers and is now conducting due diligence with a small number of shortlisted candidates, while emphasizing that “no final decision has been made.”
The sale of Aekyung Industrial is part of the group’s efforts to improve its financial structure and realign its business portfolio.
In the preliminary bidding round, the shortlist of qualified bidders included:
Taekwang Group consortium
Anchor Equity Partners
Paul Capital Korea
Aekyung Group said further updates will follow once any decisions are finalized.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
