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Article: Korea Thrunet scraps auction on low bids form Hanaro, Dacom.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 3, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sep 03, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)
Korea Thrunet has announced that bids by Internet access provider Hanaro and telecommunications company Dacom for the company were too low. Korea Thrunet filed for court receivership in March 2003 because of its heavy debts. The telco said that it would resubmit a restructuring plan to the court and will devise another plan based on merger or acquisition. The plan will include an issue of new shares and convertible or ...