Standard Chartered backs South Korea’s Daelim Motor
Standard Chartered Private Equity (SCPE) has agreed to invest $61 million in Daelim Motor, South Korea’s leading motorcycle and auto parts manufacturer. The private equity firm will take a stake of unspecified size by subscribing to new shares in the company.
Daelim Motor is a subsidiary of Daelim Group, a local conglomerate that primarily focuses on the chemical and construction industries. Established in 1978, Daelim Motor is known for its Citi and Tact models....
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