IMM commits $266m to Korean shipbuilder
IMM Investment has agreed to invest KRW300 billion ($266 million) in Korean shipbuilder Hyundai Samho Heavy Industries (HSHI).
According to a statement, HSHI will issue 5.4 million new shares to IMM, giving the private equity firm an 11.8% stake. Parent company Hyundai Heavy Industries (HHI), which currently holds a 94.9% interest,...
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