Ssangbangwool Group "Will Participate in Ssangyong Motor Main Bidding"... Fierce Ssangyong Motor Main Bidding from the Start

[Asia Economy Reporter Hwang Yoon-joo] Ssangbangwool Group has expressed its intention to participate in the stalking horse bid for Ssangyong Motor's main auction.

A Ssangbangwool Group official stated on the 31st, "The Kwanglim Consortium plans to participate in the main auction as scheduled," adding, "Based on our experience from the Eastar Jet public bidding, we are preparing diligently to achieve good results."

On the same morning, Ssangyong Motor announced that it would begin the stalking horse sale process. The submission period for letters of intent is from June 2 to June 9 at 3 PM, and the deadline for acquisition proposals is June 24 at 3 PM.