Chinese firms being tapped to buy HI Investment & Securities
Aug. 1, 2016
[THE INVESTOR] Efforts are being made to sell Hi Investment & Securities, owned by Hyundai Heavy Industries, to Chinese brokerages after it was more or less shunned by Korean firms. EY Han Young, the accounting firm managing the sale of HI Investment, requested Fosun Group, Anbang Insurance Group and other Chinese securities companies to participate in the bid for an 85.32 percent stake in the Korean brokerage house, according to a local media agency.HI Investment headquarters in Seoul. The Inve