Pantech has grasped a rope of hope.
The Seoul Central District Court who is in charge of legal management for Pantech announced on the 17th that they have received 3 declaration of intent for taking over. The companies that have submitted weren’t revealed.
Under the shade of liquidation, Pantech finally found hope of revival. The companies in charge of sale, Samjung KPMG and KDB Daewoo Securities, will revise the received documents and provide each company with investing instructions and bidding information.
The expected order of process is reviewing the letter of intent, provide survey information, register bidding documents and evaluate, select the prior cooperating company, contract investment, and submission of blueprint for revitalization.
Staff Reporter Ahn, Hocheon | hcan@etnews.com