Tag - A group of Korea-based private equity funds has failed to roll over the maturing loans they took out to acquire a stake in the Chinese unit of construction equipment maker Doosan Infracore

Private equity funds with stake in Doosan Infracore China fail to roll over debts

A group of Korea-based private equity funds has failed to roll over the maturing loans they took out to acquire a stake in the Chinese unit of construction equipment maker Doosan Infracore, market sources said Wednesday. In 2011, private equity funds run by firms such as Mirae Asset, IMM and Hana Financial Investment borrowed around 130 billion won ($112.9 million) from local banks to finance their purchase of a 20 percent stake in Doosan Infracore China. According to the sources, they [...]

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