SOUTH KOREA: Buying rights ups GM’s Daewoo stake

Stay connected Subscribe to our RSS feed

General Motors' stake in troubled South Korean unit GM Daewoo has risen to 70.1% from 51% while key creditor Korean Development Bank's (KDB) stake fell to 17% from 28% after the parent firm was the sole subscriber to a KRW491.2bn (US$412.7m) rights offer. Full story...