5 bidders join race for Dongbu HiTek stake

GMT 07:05 2014 Sunday ,24 August

Arab Today, arab today 5 bidders join race for Dongbu HiTek stake

Dongbu HiTek company
Seoul - Yonhap

Five potential bidders joined the race to buy a controlling stake in Dongbu HiTek Co., a tech unit of cash-strapped local conglomerate Dongbu Group, industry sources said Sunday.
The five prospective buyers are three private equity funds (PEFs), local funds Hahn & Company and Askveritas and U.S. fund Bain Capital, and two foreign chip makers, China's Semiconductor Manufacturing International Corp. (SMIC) and India's HSMC, they said.

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