Tag - Tong Yang Moolsan picked for Kukju Machinery takeover

Tong Yang Moolsan picked for Kukju Machinery takeover

Tong Yang Moolsan, Korea’s third-largest farming machinery and equipment maker, said Tuesday that it has been chosen as preferred bidder for the takeover of smaller rival Kukju Machinery. “Tong Yang Moolsan has been named preferred bidder for the takeover of Kukju Machinery,” the KOSPI-listed firm said in a filing in Seoul. In a separate filing, the seller, Dongkuk Steel Mill, also confirmed its choice of Tong Yang Moolsan among bidders. Up for sale is the entirety of the unlisted Kukju, which ranks [...]

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