[Alpha Biz=(Chicago) Reporter Kim Jisun] Negotiations on the main contract for the sale of HMM are being prolonged.

According to the investment banking (IB) industry on the 23rd, the Harim and JKL consortium, the Korea Development Bank and the Korea Maritime Promotion Agency have decided to extend the deadline for contract negotiations between shareholders set for tomorrow (23rd) by two weeks to the 6th of next month.

Both sides plan to finalize the contract before the Lunar New Year holiday in February.

Harim Group had previously requested to suspend the stock conversion of the remaining perpetual bonds on the sale for three years and grant preferential purchase rights when converting shares in the remaining perpetual bonds.

 

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