South Korean private equity firm KH Investment Group (KHI) has completed the takeover of Daehan Shipbuilding for KRW200 billion (US$150 million).
According to an announcement, KHI becomes the largest shareholder acquiring 95% Daehan Shipbuilding’s shares. On 31 August, Daehan Shipbuilding announced “the success of attract investment” from KHI-HANTO‧SG consortium.
Last July, KHI also acquired K Shipbuilding and as a result, the company seems as the new powerhouse in the shipbuilding industry.
“We could finish the attract investment due to our executives and staff members including business partners to try for increasing industrial competitive power in a sustained management crisis and under difficult situations,” said KHI’s spokesperson.
