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Jisung Horizon Advises Woori Bank on Cosmo Chemical's Purchase of Saehan Media
2010.08.31
<p>Woori Bank, a principal creditor bank of Saehan Media, announced on August 31, 2010 that Cosmo Chemical Consortium entered into a definitive agreement to merge and acquire Saehan Media for 100 billion Korean Won.<br /> <br /> Jisung Horizon advised Woori Bank in connection with Cosmo Chemical Consortium's purchase of Saehan Media.<br /> <br /> Saehan Media was selected as a workout company in May 2000 and the joint management procedure by its creditor financial institutions is expected to be terminated sometime in October after the completion of the sale procedure.<br /> <br /> <strong>[Korean Article Reference]</strong></p> <p></p> <div align="justify"> <ul> <li><a href="http://www.hankyung.com/news/app/newsview.php?aid=2010083160421" target="_blank">Korea Economy – Saehan Media meets a new owner in ten years...Cosmo Chemical purchased Saehan for 100 billion Korean Won (August 31, 2010)</a></li> <li><a href="http://news.mk.co.kr/news_forward.php?no=471395&year=2010" target="_blank">Maeil Economy – Saehan Media is purchased by Cosmo Chemical, an affiliate of LG GS (August 31, 2010)</a></li> <li><a href="http://economy.hankooki.com/lpage/economy/201008/e2010083120214270100.htm" target="_blank">Seoul Economy – Consortium of Cosmo Chemical becomes a new owner of Saehan Media (August 31, 2010)</a></li> </ul> </div>
News Update
Jisung Horizon, Chosen for Asian-Counsel's 'Firm of the Year 2010'
2010.09.01
Column
Jisung Horizon expands into Overseas Market with Customerized Legal Service
2010.08.30
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