Korea Line Selects SM Group as Prime Negotiator

SEOUL, KOREA- Korea Line Corp. announced on August 7 that it selected TK Chemical consortium as a prime negotiator for its M&A deal.The TK consortium submitted a bidding price of 215 billion won, consisting of 50 billion won for acquisition of corporate bonds and 165 billion won for capital increase with considerations.
The TK consortium consists of TK Chemical (35 percent), Jinduk Industrial (SM Group, 25 percent), Hiplus Card (20 percent), Samla (15 percent) and Kyung Nam Wool Textile (5 percent).