SEOUL: Shinhan Financial Group Ltd, Hana Financial Group Inc. and National Agricultural Cooperative, three of South Korea’s top lenders, submitted bids to buy a controlling stake valued at as much as US$6bil in LG Card Co.
The three lenders submitted bids by yesterday’s deadline, Jeong Tae Jin, general manager of Korea Development Bank, which is managing the sale on behalf of creditors, told reporters yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
