October 14, 2019 / 1:07 AM / a month ago

Netmarble preferred bidder for S.Korean water purifier rental firm stake

SEOUL, Oct 14 (Reuters) - South Korean gaming firm Netmarble said on Monday that it has been chosen as the preferred bidder for a 25% stake in rental firm Woongjin Coway .

South Korea’s Woongjin Group said in June that it would sell a 25.08% stake in water purifier rental firm Woongjin Coway, just three months after the group regained control of the unit for 1.89 trillion won ($1.60 billion). ($1 = 1,184.9000 won) (Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman)

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