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 to release the sale notice.
According to the report, creditors including Korea Exchange Bank had earlier scheduled the sale notice in October.
As reported earlier, the creditors hold a combined 35% stake in Hyundai E&C.
Source: Edaily (translated)
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