Monday, December 24, 2012

[Marine] KLC eyes M&A procedure

Korea Line Corp, which is undergoing court receivership, is planning to proceed with M&A.

On Monday, KLC asked permission from the Seoul Central District Court to seek M&A.

The Korean shipping company wants a capital increase with consideration.
KLC eyes M&A procedure

If the court approves the M&A application, KLC would get into M&A procedure as early as Thursday.

Listed on the Seoul bourse, KLC filed for court protection in January 2011.



Published : December 20, 2012


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