SOUTH KOREA: Buying rights ups GM's Daewoo stake
Author: just-auto.com editorial team | 23 October 2009
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.
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