The companies have entered a sale agreement

The probe into the industry’s alleged cartel-like operation will not be considered during review of merger

The sale will be managed by Credit Suisse and Arpwood Capital

The takeover bid via shares will be in place for a few more weeks

The parent company will be acquiring part of Hyundai’s owner shares

Among the acquired assets are several aggregate quarries and ready-mix concrete plants

The company is in talks with Ultratech and private equity funds

The company’s proposed acquisition was rejected by the Singapore Exchange

The merger was approved by regulators at the start of the year

The funds for the acquisition were provided entirely by the company