KG Group has been selected as a prospective takeover of Ssangyong Motor, which is undergoing corporate rehabilitation procedures.
The Seoul Rehabilitation Court selected KG Group and Pavilion PE as the expected takeover of Ssangyong Motor in the morning of the 13th.
Earlier, EY Hanyoung Accounting Corporation, the lead underwriter for the sale of Ssangyong Motor, submitted an application for permission to select a prospective takeover with the court yesterday.
KG Group, Ssangbool Group, Pavilion PE, and ELBENT participated in the bidding to select candidates for the conditional takeover of Ssangyong Motor.
YTN Kim Da-yeon ([email protected])
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