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Korea M&A Corporation
Sale of Namyang Dairy Products Co. Cancelled
The sale of Namyang Dairy Products Company has fallen through, according to a statement from the firm’s chairperson. Chairman Hong Won-sik said Wednesday that he informed private equity firm Hahn & Company that his company was scrapping a contract they had clinched on the sale of the dairy giant. The statement comes three months after Hong and his family signed a contract agreeing to sell their ..
Yoon & Yang benefits from Namyang-Hahn & Co. takeover dispute
Kim & Chang in awkward position The months-long dispute over a 53.08 percent stake Namyang Dairy Chairman Hong Won-sik sought to sell for 310.7 billion won ($265 million) to local private equity fund (PEF) Hahn & Co. is expected to morph into a protracted legal battle, as the PEF hired Yoon & Yang, a law firm specializing in finance and tax litigation, Wednesday.Some market watchers say the priv..