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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Del Monte Foods Co. | NYSE:DLM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.99 | 0 | 01:00:00 |
Standard Chartered Bank's investment arm, Standard Chartered Private Equity, said Thursday it invested US$61 million in South Korea's Daelim Motor Co.
Standard Chartered Private Equity invested in Daelim Motor through a subscription of new shares in the Korean motorcycle and auto parts maker, Standard Chartered said in a statement.
Daelim Motor Co., is an wholly-owned by Daelim Group which focuses on the chemical and construction industries.
Standard Chartered said the investment will strengthen Daelim Motor's balance sheet and enhance its long-term growth potential by expanding its funding capacity.
-By P.R. Venkat, Dow Jones Newswires; +65 64154 152; venkat.pr@dowjones.com
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