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DLM Del Monte Foods Co.

18.99
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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: Unit Invests US$61 Million In S Korea's Daelim Motor

13/10/2011 4:27am

Dow Jones News


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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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