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South Korean clothing maker Sae-A Trading was chosen as preferred bidder to buy a 71% stake in Tailim Packaging and 100% of Tailim Paper from IMM Private Equity, with the price estimated at over 750 billion won. A final deal was expected to be signed the following month.
“Sae-A Trading will acquire a 71 percent stake in Tailim Packaging and 100 percent stake in Tailim Paper put up for sale by the paper maker's largest shareholder IMM Private Equity.”pulse.mk.co.kr
Summarized from public sources; check the original articles before acting on it.