Shanda Games Limited, a leading online game developer, operator and publisher in China, today announced that it has reached an agreement to acquire Eyedentity Games, a leading online game development studio in Korea, as part of the Company’s overall growth strategy in the global market. Shanda Games press release stated the following: The acquisition...
Read More »

Korea Development Bank (KDB) will likely reduce the stake it wants to buy in Daewoo Engineering & Construction, by another 5%, to 40%, reported the Korea Economic Daily. The report cited industry sources as saying that KDB has changed its plan to buy stakes held by financial investors only. It had earlier been reported...
Read More »

Eduwang, a privately owned South Korean education services provider, is likely to be put up for sale, Money Today reported on Wednesday, 8 September. The news report cited industry sources as saying that the company has already sent teaser letters to potential buyers to weigh their interest in the possible sale. According to the report, the objective...
Read More »

Busan Mutual Savings Bank, the unlisted South Korean bank, plans to sell Jeonju Savings Bank, reported the Asia Economy. The report cited an unnamed insider at Busan Mutual Savings Bank as saying that it has mandated KTB Asset Management as a financial advisor for the sale of Jeonju Savings Bank and Jungang Busan Mutual...
Read More »

ANZ Banking Group, the ASX-listed bank, is thought to be close to acquiring Lone Star’s 51% stake in Korea Exchange Bank, the Korean bank, the Australian Financial Review reported. According to the report, which did not cite sources, ANZ is believed to be in the last stages of due diligence on the AUD 4.7bn...
Read More »

STX Corporation, the listed South Korean shipbuilder, has withdrawn its acquisition plan for Daehan Shipbuilding, an unlisted peer. In a reply to a South Korean stock exchange request to clarify a news report that it may be acquiring Daehan Shipbuilding, STX said it had been considering buying a stake in Daehan but called off...
Read More »

Texas-based Lone Star is likely to continue its attempts to sell their stake in Korea Exchange Bank, E-Today reported citing financial sector sources. Lone Star may turn its attention to local financial companies for sale talks if the ongoing talks with ANZ are not successful, according to the report citing an unidentified source. South...
Read More »

Korea Development Bank (KDB) is expected to complete its acquisition of Daewoo Engineering and Construction (E&C) around November, reported the Edaily. Daewoo E&C is the listed South Korean construction company, in which, KDB is in a process of acquiring a 50% stake, plus, one share, from Kumho Asiana and its financial investors. The report...
Read More »

The effort of South Korean state-run KAMCO to sell a stake in Ssangyong Engineering and Construction is delayed until next year, the E-Today reported. The report cited an unspecified insider at KAMCO as saying the company is planning to start a review to sell the stake after the second half of this year. The insider...
Read More »

Creditors of Hyundai Engineering & Construction (E&C) will likely post a sale notice to sell a stake in the listed South Korean construction company on 24 September, reported the Edaily. The report cited an insider at the creditors group as saying that valuation of the sell-side is almost finished and the creditors have reached a consensus...
Read More »