Aekyung, 2 others make preliminary bids for Asiana Airlines: sources
Sept 3, 2019
Aekyung, a South Korean activist fund and a consortium led by a local brokerage firm submitted initial bids to acquire Asiana Airlines Inc., South Korea's second largest full-service carrier, industry sources said Tuesday. Kumho Asiana Group, the airline's parent, and its lead manager for the sale, Credit Suisse, received letters of intent from potential investors, including Aekyung and local activist fund Korea Corporate Governance Improvement, according to sources. The consortium led by