May 28, 2017 12:11 PM ET

Gas Utilities

Company Overview of Daeryun E&S CO.,LTD.

Company Overview

Daeryun E&S Co., Ltd. supplies liquefied natural gas in South Korea. It serves 830 thousand households. The company was formerly known as Hanjin City Gas Co., Ltd. and changed its name to Daeryun E&S Co., Ltd. in July 2010. The company is based in Uijeongbu, South Korea. Daeryun E&S Co., Ltd. is a subsidiary of Hanjin Heavy Industries & Construction Co. Ltd.

244-6, Minrokuro

Uijeongbu,  139-206

South Korea

Phone:

82 3 1951 0000

Fax:

82 3 1951 0100

Key Executives for Daeryun E&S CO.,LTD.

Chief Executive Officer
Compensation as of Fiscal Year 2016.

Daeryun E&S CO.,LTD. Key Developments

Investors Reportedly Eyes To Acquire Hanjin Heavy Industries' Three Energy Units

Three power and energy subsidiaries of Hanjin Heavy Industries & Construction Co. Ltd. (KOSE:A097230) put up for sale as part of the company’s self-rescuing plan have drawn seven potential bidders in a heated bidding battle. According to the investment banking industry on August 4, 2016, Hanjin Heavy Industries and its deal arranging manager Mirae Asset Daewoo Co. received letters of intent from seven bidders in a preliminary auction for the sale of its three units are Daeryun E&S CO.,LTD., Daeryun Power Co., Ltd. and Byeollae Energy Co., Ltd. The seven bidders are IMM Investment Corp., Keystone Capital, Inc., KDB Infrastructure Investments Asset Management Co. EQ Partners, Meritz Securities Co., Ltd., Hana Financial Investment Co., Ltd. and Mirae N Co., Ltd. The sale organizer will shortlist preferred bidders by Wednesday next week and conduct due diligence for six weeks until September 23, 2016. The deal is expected to be completed by late October 2016. An industry source familiar with the matter said that as Daeryun E&S has a steady cash flow and Daeryun Power and Byeollae Energy have built a solid footing in the country’s power market, they have successfully attracted many private equity firms to the bid.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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