A consortium led by Dongbu Corporation completed the acquisition of a 66.85% stake in Hanjin Heavy Industries & Construction Co., Ltd. from a group of shareholders.
September 02, 2021
Share
A consortium led by Dongbu Corporation (KOSE:A005960) agreed to acquire a 66.85% stake in Hanjin Heavy Industries & Construction Co., Ltd. (KOSE:A097230) from a group of shareholders on December 22, 2020. A consortium led by Dongbu Corporation signed a contract to acquire 66.85% stake in Hanjin Heavy Industries & Construction Co., Ltd. from Korea Development Bank and others on April 15, 2021. 55.67 million shares will be acquired as part of the transaction. Sunbok Lee of KPMG Corporate Finance LLC acted as financial advisor and due diligence provider to Dongbu.
A consortium led by Dongbu Corporation (KOSE:A005960) completed the acquisition of a 66.85% stake in Hanjin Heavy Industries & Construction Co., Ltd. (KOSE:A097230) from a group of shareholders on September 3, 2021.
BDO Unibank, Inc. is a Philippines-based universal bank. The Company's segments include commercial banking, investment banking, private banking, leasing and financing, insurance, and others. The commercial banking segment includes lending (corporate and consumer), trade financing and cash management services for corporate and retail customers. The investment banking segment provides services to corporate clients outside the traditional loan and deposit products. The private banking segment provides traditional and non-traditional investment and structured products to high-net-worth individuals and institutional accounts. The leasing and financing segment provides direct leases, sale and leaseback arrangements and real estate leases. The insurance segment is engaged in insurance brokerage and life insurance business by providing protection, education, savings, retirement and estate planning solutions to individual and corporate clients through life insurance products and services.
A consortium led by Dongbu Corporation completed the acquisition of a 66.85% stake in Hanjin Heavy Industries & Construction Co., Ltd. from a group of shareholders.
BDO UNIBANK, INC. 
