THE INVESTOR

메뉴열기

China’s Dixintong seeks to acquire Sambu Construction

PUBLISHED : June 09, 2017 - 16:44

UPDATED : June 09, 2017 - 16:44

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] DST Robot, a Korean robot maker whose largest shareholder is Chinese handset retailer Dinxintong, seeks to acquire cash-strapped Sambu Construction, industry sources said on June 9.

Along with DST Robot, two other firms -- SM Group and Daewoo Development -- have also submitted bids before the June 8 deadline. 




Sambu, founded in 1948, has been streamlining its business under a court receivership since 2015.

Sources say the deal could be priced from 150 billion won (US$133 million) to over 200 billion won.

After failed talks to sell the company last year, Sambu sold off several assets to improve its financial status. The company posted a net profit of 261.4 billion won last year, turning to black after seven years.

The deal manager Samil PricewaterhouseCoopers plans to start due diligence with aims to close the deal by July 12.

By Park Ga-young (gypark@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
JUVENILE PROTECTION MANAGER : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.