SEOUL: South Korea’s Kumho Asiana Group said yesterday it had decided to put Daewoo Engineering & Construction Co up for a sale to ease investors worries about its liquidity.
Kumho Asiana may consider various ways to unload Daewoo including a sale of a 39% stake held by financial investors with management rights, a sale of a 50% stake plus one share, or a sale of a 72% stake owned by the group and financial investors.
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