Surprise Me!

HDC Hyundai Development's planned takeover of Asiana Airlines falls through

2020-09-03 5 Dailymotion

아시아나 매각 결렬... HDC현산, 아시아나 또 재실사 요구<br /><br />The planned takeover of major South Korean carrier Asiana Airlines... by property developer HDC Hyundai Development... appears to have fallen through.<br />A notice of a cancellation of the contract could be sent out as early as this week... citing a failure for the two sides to narrow their differences over acquisition terms.<br />HDC had reportedly demanded another 12 weeks of due diligence on Asiana Airlines, which was rejected by the airline's main creditor, Korea Development Bank.<br />With this, the government may consider offering financial support to the debt-ridden carrier.<br />

Buy Now on CodeCanyon