Jungheung E&C was selected as the preferred bidder for the sale of Daewoo E&C, which is looking for a new owner after three years.
Daewoo E&C's largest shareholder, KDB Investment (50.75% stake), announced at an online press conference on the afternoon of the 5th that it had designated the Jungheung Consortium as the preferred bidder for the sale of Daewoo E&C.
Jungheung E&C seized the opportunity to embrace Daewoo E&C, surpassing its competitor, the Skylake-DS Networks consortium.
The Skylake Consortium has been designated as a preliminary candidate.
The sale of Daewoo E&C is underway for the first time in three years.
In January 2018, Hoban Construction was selected as the preferred bidder, but the sale failed due to the insolvency of Daewoo E&C's overseas business site.
(Photo = Yonhap News)