invest-korea-boss-backs-hsbcs-bid-for-keb

Invest Korea boss backs HSBCÆs bid for KEB

Chung Tong-soo, the head of Invest Korea, says he hopes HSBC's bid will get regulatory approval ôsooner rather than laterö.
September 09, 2007
In a recent interview with FinanceAsia, the head of Invest Korea welcomed HSBCÆs announcement that it will buy Lone StarÆs controlling stake in KEB. ôI am happy to see that HSBC announced an agreement to buy Lone StarÆs KEB stake û even though it still has to go through a government approval process,ö says Chung Tong-soo, Invest KoreaÆs boss. ôIt may take time, but I think it is going to happen. I hope HSBC will be able to acquire KEB.ö

Chung, who became the boss of Invest Korea last year, added that he hoped regulatory approval would be given, sooner rather than later.

HSBC appears to be confident that...
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