Ssangyong Motor

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Title Ssangyong Motor nominates KG Consortium as preferred bidder before making M&A announcement
Date 2022-05-13

 Ssangyong Motor said that it nominated KG Consortium as preferred bidder with the Court’s approval on May 13, 2022.


The selection criteria includedsize of acquisition moneythe portion of the acquisition money to be used for paid-in capital increase and equity shareholding ratio requested by bidderplan to secure fund for the company’s business operations after the acquisition (method and size of fund capable of raising by the bidder)employment security among others.


Ssangyong will sign a conditional investment contract with KG consortium next week andmake an M&A announcement to start the public M&A process.



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