Ssangyong Motor

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Title Ssangyong Motor nominates KG Consortium as preferred bidder before making M&A announcement
Date 2022-05-13

 Ssangyong Motor said that it nominated KG Consortium as preferred bidder with the Court’s approval on May 13, 2022.

 

The selection criteria included▲size of acquisition money▲the portion of the acquisition money to be used for paid-in capital increase and equity shareholding ratio requested by bidder▲plan to secure fund for the company’s business operations after the acquisition (method and size of fund capable of raising by the bidder)▲employment security among others.

 

Ssangyong will sign a conditional investment contract with KG consortium next week andmake an M&A announcement to start the public M&A process.

 

 

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