Standard Chartered: Unit Invests US$61 Million In S Korea's Daelim Motor
13 October 2011 - 2:27PM
Dow Jones News
Standard Chartered Bank's investment arm, Standard Chartered
Private Equity, said Thursday it invested US$61 million in South
Korea's Daelim Motor Co.
Standard Chartered Private Equity invested in Daelim Motor
through a subscription of new shares in the Korean motorcycle and
auto parts maker, Standard Chartered said in a statement.
Daelim Motor Co., is an wholly-owned by Daelim Group which
focuses on the chemical and construction industries.
Standard Chartered said the investment will strengthen Daelim
Motor's balance sheet and enhance its long-term growth potential by
expanding its funding capacity.
-By P.R. Venkat, Dow Jones Newswires; +65 64154 152;
venkat.pr@dowjones.com
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