Hyundai Heavy Industries Holdings Co. postponed finalizing a deal to acquire a 35.4 percent stake held by South Korean power plant builder Doosan Heavy in Doosan Infracore on February 5.
The deal's completion was set for Jan. 31 until the parties agreed to the postponement.
On Dec. 10, the HHIH-led consortium was picked as the preferred bidder for the Doosan Ifracore stake. The initial deal for the acquisition was inked on Dec. 23.
Doosan Infracore's sales soared 18 percent last year from the previous on increased demand for high-end excavators.
Last year, Doosan Infracore sold over 4,000 units of construction equipment, including excavators and wheel loaders, in the local market, marking its highest annual sales since 2011.
Doosan Infracore continued its momentum in 2021, and recently won an order for 221 excavators from Beaulock, a French construction equipment rental firm.


Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 



