The Korea Herald

지나쌤

Daewoo Shipbuilding seeking stake sale in non-core unit

By KH디지털2

Published : Jan. 14, 2015 - 17:52

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Daewoo Shipbuilding & Marine Engineering Co., the world's second-biggest shipyard, said Wednesday it is pushing to sell its stakes in its wholly-owned unit FLC Ltd., a golf course operator.


The stake sale is intended to streamline the shipbuilder's business by disposing of its non-core assets, the firm said in a regulatory filing.


"We are examining preliminary proposals for the stake sale, which we received from multiple potential buyers at the end of last year," the company said.


However, it  did not provide further details, saying no decisions have yet been made. (Yonhap)