[Asia Economy Reporter Jeon Jin-young] Poslink, an investment destination of Kolink Private Equity (PE), known as the ‘Cho Kuk Private Equity Fund,’ has announced the sale of a rehabilitation company. Poslink received a rehabilitation commencement decision from the Seoul Rehabilitation Court on May 11.
On the 3rd, Poslink disclosed a merger and acquisition (M&A) announcement stating its intention to attract external capital through a third-party allotment rights issue and corporate bond issuance.
Poslink explained the purpose as “to improve the financial structure and promote business normalization in order to conclude the rehabilitation process early by pursuing an M&A before the approval of the rehabilitation plan.”
The bidding will be conducted through an open tender, and the submission deadline for letters of intent and confidentiality agreements is by 3 p.m. on the 10th.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
