Written by Timothy Blake on February 02, 2008 under Archives, International
A South Korean court on Friday found Lone Star Funds’ local head guilty of stock price manipulation and sentenced him to five years’ in prison. HSBC has been trying to buy KEB from Lone Star, but that may present a problem right now. HSBC’s August agreement with Lone Star expires in April, though the Yonhap newswire quoted an unnamed HSBC source as saying it would be extended. HSBC officials in Seoul and Hong Kong declined comment.
