South Korea’s Coway said on Friday its top shareholder, Coway Holdings, had decided to suspend its plan to sell a stake in the country’s largest water purifier rental firm, believing its shares are undervalued.
South Korean private equity firm MBK owns a stake of 30.9 percent in Coway through the holding company.
Goldman Sachs was advising the deal. (Reporting by Hyunjoo Jin; Editing by Clarence Fernandez).
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Source: Reuters.com