AsiaFinance and InsuranceShipyards
Korean private equity invests in Hyundai Samho
Korean yard Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries, has attracted a KRW400bn ($355.4m) pre-initial public offering investment from a local private equity firm, IMM Private Equity.
IMM has a number of local maritime investments already including Hanjin Newport, PSA Hyundai Pusan Newport Terminal, and Hyundai LNG Shipping.