Keystone Private Equity; Daewon Construction; Tong Yang, and two other bidders have been shortlisted for the takeover of Sambu Construction Industrial, a unit of South Korea-based Sambu Construction that is currently placed under court receivership.
The final bidding round for Sambu, which produces pre-stressed, high-strength concrete (PHC) piles, will be held on 22 April 2016, disclosed arranger Samjung KPMG.
Sambu reported a KRW 6.8 billion (€5.2 million/US$5.92 million) operating profit and a KRW 54.8 billion revenue in 2014.
