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Standard Chartered First Bank Korea - Eugene Corporation stock acquisition

US$29.00 m
  • Entry date - Tuesday, 5 January 2010
  • Jurisdiction - Korea
  • Practice - M&A
  • Standard Chartered First Bank Korea subscribed to KRW 30bn in Eugene Corporation stock, convertible into shares

  • Firm
    Kim & Chang
  • Client
    Standard Chartered First Bank Korea
  • Lead Lawyers
    Myoung-Jae Chung
  • Role
    Korean counsel
  • Firm
    Yulchon
  • Client
    Eugene Corporation
  • Lead Lawyers
  • Role
    Korean counsel


DEAL SUMMARY

  • Standard Chartered First Bank Korea subscribed to KRW 30bn in Eugene Corporation stock, convertible into shares.

  • Eugene Corporation produces concrete and asphalt concrete, controls appliance retailer Hi-mart.

  • Standard Chartered are notable clients of K&C – advised 2005 Standard Chartered - Korea First Bank acquisition.

  • Yulchon previously advised Eugene on 2008 US$2bn acquisition of Hi-Mart



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