The firm plans to receive bids from potential buyers through Sept 15. So far, a total of 11 investors from home and abroad have submitted letters of intent to take over SsangYong.(File pic shows a SsangYong logo at a dealership)
SEOUL: Cash-strapped carmaker SsangYong Motor Co plans to receive acquisition proposals through mid-September, as a two-way race between two local investors is expected, industry sources said.
The firm plans to receive bids from potential buyers through Sept 15. So far, a total of 11 investors from home and abroad have submitted letters of intent to take over SsangYong.
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