Hankook Technology has decided to withdraw its merger with Daewoo Shipbuilding & Marine Engineering Construction

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

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hoondork@alphabiz.co.kr | 2023-01-31 08:27:51

(사진= 한국테크놀로지)

[Alpha Biz=(Chicago) Reporter Paul Lee] Hankook Technology announced on the 30th that it has decided to withdraw its merger with Daewoo Shipbuilding & Marine Engineering Construction. 

 

Hankook Technology said, "In the process of the merger, there was an important change in the external market environment and business environment of Daewoo Shipbuilding & Marine Engineering & Construction Co., Ltd. 

 

After carefully reviewing this, the board of directors decided that the withdrawal of the merger would help enhance corporate value and strengthen competitiveness."

 


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