Nanos Does Not Participate in Letter of Intent for Ssangyong Motor Acquisition

[Asia Economy Reporter Oh Gyumin] Nanos announced on the 18th that it has decided not to participate in the letter of intent submitted by the Kwangrim Consortium in order to focus on its main business. On the 11th, Nanos had participated in the Kwangrim Consortium formed to acquire Ssangyong Motor and submitted a preliminary letter of intent to the sales lead manager before the announcement.