SCPE boosts stake in Korea's Dasan to 15.69%
Standard Chartered Private Equity has increased its stake in Dasan Networks, a South Korean telecom network equipment company, by 2.1%, boosting its total stake in the company to 15.69%.
Following the investment news, Dasan's shares rose by KRW600 ($.55), or 6%, and later closed the Dec. 13 trading day at KRW10,600 ($9.29). SCPE, the private equity arm of the UK bank, invested $23 million...
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