It appears that KKR and Hanmi heirs are set to collaborate in acquiring a controlling stake.

Quick Summary:

Shin and the cousins sided with the brothers in exchange for selling their Hanmi Science shares to KKR at a significant premium, a source said.“The cousins may have changed their minds at the last minute, deciding that it would be beneficial to sell their shares at a premium rather than remain as minority shareholders.

The two sons of Hanmi Pharmaceutical Group’s founding family, who were approved to join the holding firm Hanmi Science Co.board at the shareholders meeting last week, are likely to join hands with private equity firm KKR & Co.to control the South Korean company, banking sources said on Tuesday.

PREMIUM MATTERSThe Lim brothers will hold around 40% stake in Hanmi Science even if they acquire shares of their cousins and Hanyang Precision's Shin.

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Article Details

Category: Economy

Markets: South KoreaOman

Topics: Science Shin Brothers Hanmi Shares Firm Family Stake Combined Shareholders Sources

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-02 @ 21:02:49 (4 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 716 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 20583459

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