Dongwon Group, one of two groups vying to acquire South Korean flagship container line HMM, is reportedly planning to sell its office building in Seoul to raise funds for its bid.
South Korea’s largest fishing group is understood to have offered KRW6.4 trillion (US$4.97 billion) to buy HMM. The other bidder, South Korean poultry processor and Pan Ocean parent Harim Group is known to have offered a similar price.
Dongwon, which had cash holdings of KRW500 billion (US$380 million) as of 30 June, is...
https://container-news.com/dongwon-plans-building-sale-to-raise-hmm-acquisition-monies/