pan ocean to sell its savings bank unit
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Pan Ocean to sell its savings bank unit

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Emiratesvoice, emirates voice Pan Ocean to sell its savings bank unit

Tokyo - Arab Today

Pan Ocean Co., South Korea's leading bulk carrier, said Monday it has picked Hankuk Steel Wire Co. as the preferred bidder for its subsidiary Heung Kook Mutual Savings Bank. Pan Ocean, formerly known as STX Pan Ocean, has been under court receivership since June last year, one month after the Korea Development Bank (KDB) decided not to buy the company.

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