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[THE INVESTOR] The court has decided to put out a public notice for sale of Hanjin Shipping’s America-Asia routes on Oct. 14 at the earliest, according to news reports on Oct. 13.
The ailing shipping company currently under rehabilitation process has turned in an application seeking the court’s approval for merger. The court granted permission and chose Samil PricewaterhouseCoopers as the sales manager.
Hanjin’s America-Asia routes operation including personnel, operation system, five containers, seven overseas subsidiaries and logistics operation system will be on sale.
The sale price has not been set yet. After a preliminary bidding scheduled until Oct. 28, a final bid will be held on Nov. 7.
By Hwang You-mee (glamazon@heraldcorp.com)
The ailing shipping company currently under rehabilitation process has turned in an application seeking the court’s approval for merger. The court granted permission and chose Samil PricewaterhouseCoopers as the sales manager.
Hanjin’s America-Asia routes operation including personnel, operation system, five containers, seven overseas subsidiaries and logistics operation system will be on sale.
The sale price has not been set yet. After a preliminary bidding scheduled until Oct. 28, a final bid will be held on Nov. 7.
By Hwang You-mee (glamazon@heraldcorp.com)
