Harim Group Chairman’s Pursuit of HMM Acquisition Comes to Light
Kim Hong-guk, Chairman of the Harim Group, giving his inauguration speech as Vice Chairman of the Korean Red Cross in December last year. Photo = Yonhap News. The acquisition of HMM (formerly Hyundai Merchant Marine), which Harim Group Chairman Kim Hong-guk had pursued to become a global company, came to light. This is the result […]
Negotiations to sell HMM break down, but Harim Group is held back by financial investors
▲ Harim Group, which was trying to acquire HMM, is held back by financial investors. [비즈니스포스트] Can HMM sale negotiations be extended again? The selling side and Harim Group negotiated the detailed terms of the contract, but were unable to narrow down their differences over the ‘effective period of the contract between shareholders.’Harim Group accepted […]
Negotiations to sell HMM finally break down
[사진=HMM] Negotiations to sell HMM finally broke down. Accordingly, HMM will maintain the management system of creditors, including KDB Korea Development Bank (KDB), for the time being. On the 7th, KDB announced, “KDB, Korea Ocean Business Corporation and the preferred bidder engaged in negotiations in good faith under mutual trust during the seven-week negotiation period,” […]
Negotiations Break Down between HMM Vendors and Preferred Procurement Negotiator
According to related industries on the 7th, negotiations between the Korea Development Bank and Korea Ocean Business Corporation, HMM’s vendors, and Harim Consortium (Pan Ocean and JKL Partners), the preferred procurement negotiator, finally broke down. Negotiations between the two sides, which proved difficult, were said to have narrowed their differences as Harim withdrew many of […]
Negotiations for Sale of HMM with Pan Ocean-JKL Partners Harim Group Consortium Collapse
[비즈니스포스트] Negotiations to sell HMM broke down. KDB Korea Development Bank and Korea Ocean Business Corporation announced on the 7th that negotiations for the sale of HMM with the Pan Ocean-JKL Partners Harim Group consortium have collapsed. ▲ HMM sales fell. Both sides tried to reach an agreement by postponing the deadline for negotiation once […]
HMM Holds Naming Ceremony for Eco-Friendly 13,000 TEU Container Ship ‘HMM Garnet’
[딜사이트 이세정 기자] HMM held a naming ceremony for its 13,000 TEU container ship ‘HMM Garnet’ on the 24th. HMM Garnet is a ship built to strengthen the eco-friendly competitiveness and diversification of the fleet. In particular, it is the first container ship delivered among 12 13,000 TEU ships contracted with HD Hyundai Heavy Industries […]
Increased Interest in Impact of Red Sea Risk on HMM Performance
[딜사이트 민승기 기자] As ‘Red Sea risk’ shows signs of extending, interest is increasing in the impact it has on HMM performance. As traffic restrictions lead to an increase in freight rates by sea, expectations for a recovery in performance are rising. Even if shipping companies resume Suez Canal operations in the near future, an […]
Harim’s Acquisition of HMM: Will the Chicken Swallow the Dinosaur?
[주간유통]contains that summarizes important issues that happened in the distribution, food and drink industry during the week in an easy and fun way. We intend to tell you about other events hidden behind the news and various stories that have not yet been revealed in articles. In the end, it was Harim. HMM (formerly Hyundai […]
Harim Holdings’ Plan to Secure Funds and Maintain Control of Pan Ocean
[비즈니스포스트] Harim Holdings is raising money to retain control of Pan Ocean. Pan Ocean is likely to hold a large-scale paid-up capital increase to raise funds for the 6.4 trillion won from HMM. However, Harim Holdings’ cash reserves are not sufficient to maintain control of Pan Ocean after the capital increase. ▲ It is expected […]
Harim Group Selected as Preferred Bidder for Acquisition of HMM
[비즈니스포스트] Harim Group was selected as the preferred bidder to acquire HMM, Korea’s largest container shipping company. KDB Korea Development Bank and Korea Ocean Business Corporation (Haejin Engineering & Construction) announced on the 18th that they have selected a consortium of Pan Ocean and JKL as the preferred negotiating party for the sale of 398.79 […]
