Korean Air, Wangsan Leisure Development Sale Agreement Falls Through... Kansas Asset Management Loses Priority Negotiation Status
[Asia Economy Reporter Park Jihwan] Korean Air announced on the 5th that it selected the Kansas Asset Management consortium as the preferred negotiation partner for the sale of Wangsang Leisure Development, in which it holds 100% equity, and proceeded with sale negotiations but failed to reach an agreement on contract signing.
Korean Air has notified the Kansas Asset Management consortium of the termination of its status as the preferred negotiation partner.
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The company stated, "We plan to continue pursuing the sale of Wangsang Leisure Development's shares and will re-disclose when specific details are decided in the future."
This content was produced with the assistance of AI translation services.
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