Korean private equity firm Hahn & Co has chosen HMM as the preferred bidder for the majority stake sale in SK Shipping, with due diligence underway. HMM’s bid of KRW2trn for a 71.43% stake in SK Shipping falls below Hahn & Co’s valuation, potentially indicating HMM’s willingness to forgo LNG carriers. SK Shipping operates a fleet of 62 vessels, including LNG carriers, LPG carriers, crude tankers, product tankers, and bulk carriers.
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Workers’ Party co-opts new members into its Central Executive Committee
The Workers' Party of Singapore has co-opted four new parliamentarians, including two Non-Constituency Members of Parliament, into its Central Executive Committee following a recent meeting. Newly appointed members include Abdul Muhaimin Abdul Malik as deputy organising secretary and Eileen Chong as youth wing president, as the party prepares for the upcoming parliamentary session starting September 5. Need More Context? 🔎
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