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[THE INVESTOR] Sambu Construction is to be put up for sale within the month, local media reported Aug. 18.
Reports citing unnamed finance industry sources said the company’s creditors are preparing to restart the process within the next two weeks.
Sambu Construction and subsidiary Sambu Construction Industrial had been put up for sale as a package deal earlier this month, but the creditors failed to select a preferred bidder. At the time, the failure was attributed to the fact that Sambu Construction Industrial’s inclusion had pushed up the price from about 100 billion won (US$90.4 million) to 180 billion won.
In the latest attempt, Sambu Construction will be put up for sale as a single item.
By Choi He-suk (cheesuk@heraldcorp.com)
Reports citing unnamed finance industry sources said the company’s creditors are preparing to restart the process within the next two weeks.
Sambu Construction and subsidiary Sambu Construction Industrial had been put up for sale as a package deal earlier this month, but the creditors failed to select a preferred bidder. At the time, the failure was attributed to the fact that Sambu Construction Industrial’s inclusion had pushed up the price from about 100 billion won (US$90.4 million) to 180 billion won.
In the latest attempt, Sambu Construction will be put up for sale as a single item.
By Choi He-suk (cheesuk@heraldcorp.com)
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