A Hyundai Heavy Industries Holdings Co. (HHIH)-led consortium has been named the preferred bidder for Doosan Heavy Industries & Construction Co.'s 35.4 percent stake in Doosan Infracore Co.
According to power plant builder Doosan Heavy Industries, it will conclude the deal with the consortium led by HHIH to sell its entire stake in Doosan Infracore stake.
It did not provide a specific time frame.
HHIH, the holding firm of the country's largest shipbuilder, vowed to do its best to strike a deal for the Doosan Infracore stake.
HHIH has South Korea's second-largest construction equipment maker Hyundai Construction Equipment Co. under its wing.
HHIH, a consortium of Korea Development Bank Investment, and ready-mixed concrete maker Eugene Group all submitted bids on Nov. 24.


Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive
One Percent Rule Checklist For Safer Forex Trading Risk
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion
Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities
Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 



