{"id":34416,"date":"2023-08-08T09:36:27","date_gmt":"2023-08-08T06:36:27","guid":{"rendered":"https:\/\/www.al-sindbad.net\/fifth-korean-company-linked-with-hmm-takeover\/34416\/"},"modified":"2023-08-08T09:36:27","modified_gmt":"2023-08-08T06:36:27","slug":"fifth-korean-company-linked-with-hmm-takeover","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/fifth-korean-company-linked-with-hmm-takeover\/34416\/","title":{"rendered":"Fifth Korean company linked with HMM takeover\u00a0"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>A fifth Korean company has emerged as a suitor in the takeover of HMM, the country\u2019s flagship carrier.<\/p>\n<p>State-backed creditors have given a deadline of August 21 for bids to be placed for HMM with a view to completing the privatisation of the line by the end of the year.\u00a0<\/p>\n<p>Splash has already reported on Harim Group, which runs Pan Ocean, and SM Group, which runs SM Line, as bidders as well as LX Group, a logistics subsidiary of electrics giant LG, and Dongwon Group, which is involved in fishing and logistics. In addition, Global Sae-A, an apparel manufacturing giant, is reportedly showing interest in the acquisition teaming up with IMM Private Equity in a joint bid. IMM already owns Hyundai LNG Shipping, which was sold by HMM for $375m nine years ago.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>HMM has been under state control since 2016 when it ran into extreme financial difficulties at the same time as Hanjin Shipping with the latter going bankrupt.\u00a0<\/p>\n<p>HMM is one of a host of Korean shipowners who have been put for sale this year.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/south-korea\/\" rel=\"tag\">South Korea<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A fifth Korean company has emerged as a suitor in the takeover of HMM, the country\u2019s flagship carrier. State-backed creditors have given a deadline of August 21 for bids to be placed for HMM with a view to completing the privatisation of the line by the end of the year.\u00a0 Splash has already reported on &hellip;<\/p>\n","protected":false},"author":1,"featured_media":34417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-34416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=34416"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/34416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/34417"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=34416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=34416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=34416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}