March 25, 2017 3:00 PM ET

Construction and Engineering

Company Overview of Keangnam Enterprises Co., Ltd.

Company Overview

Keangnam Enterprises Co., Ltd. engages in construction business in South Korea, the Middle East, Southeast Asia, and Africa. It is involved in the construction of housing development projects, such as apartment/retail shop buildings; building construction projects, including office/commercial, education/medical, and public buildings; and civil works comprising railway, subway, highway, expressway, and site development projects. The company also engages in the construction of electricity plants, energy/oil refinery systems, resource development projects, sewage treatment systems, and leisure facilities, as well as the interior design of residence, office, and commercial spaces. In addition, i...

530-17 Dapsimni 5-dong

Dongdaemoon-gu

Seoul,  

South Korea

Founded in 1951

Phone:

82 2 2210 0500

Key Executives for Keangnam Enterprises Co., Ltd.

Chief Executive Officer
Age: 69
Managing Director and President of Ethiopia Branch Office
Age: 60
President of Sri Lanka Branch Office and Deputy Director
Age: 55
President of Algeria Branch Office and Deputy Director
Age: 68
Senior Managing Director and Head of Overall Sales Management
Age: 58
Compensation as of Fiscal Year 2016.

Keangnam Enterprises Co., Ltd. Key Developments

Korean Companies Reportedly Seek Sale

Reportedly several construction companies in south Korea are seeking to sell themselves. Keangnam Enterprises Co., Ltd. (Keangnam) is seeking to sell itself. The company said Friday that Samil PwC, the manager of its sale, is accepting letters of intent from potential bidders until May 27, 2016. After a month of due diligence, the accounting firm will proceed with the main bidding on June 30, 2016. Keangnam is also selling its subsidiary Suwan Energy CO.,LTD., an electric power and heat generator operator, in a separate open bid. The preliminary bidding is set for June 4, 2016 and the main bidding for June 26, 2016. Dongbu Corporation (KOSE:A005960) is also seeking to sell itself. Dongbu's sale managers, Hyundai Securities and Samil PwC, plan to conduct a preliminary due diligence by May 29, 2016 and open the main bid on June 10, 2016 local reports said. Other construction companies up for sale include Sambu Construction Co., Ltd. (KOSE:A001470), DongAh Construction Industrial Co., Ltd., Kukdong Engineering & Construction Co., Ltd., Woolim Co. Ltd. and STX Construction CO., Ltd. Doosan Engineering & Construction Co., Ltd. (KOSE:A011160) is also seeking a closed-door sale of its heat recovery steam generator division. Its deal managers are BDA Partners and Ernst & Young. General Electric and Morgan Stanley Private Equity have shown interest in a deal with Doosan E&C, local reports said.

Keangnam To Sell Assets

Keangnam Enterprises Co., Ltd. this week disclosed that it has no intention of pulling out of Ethiopia. Upon completion of major road construction projects in Ethiopia Keangnam is selling its heavy construction machineries and vehicles. The corporate management of the company is trying to sell a 72 storey sky scraper in Hanoi, Vietnam.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 13, 2017
Suwan Energy CO.,LTD.
 

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