Standard Chartered Puts $61M Into Korean Motorcycle Co.

Law360, New York (October 13, 2011, 1:42 PM EDT) -- The private equity arm of Standard Chartered PLC said Thursday it had invested $61 million in South Korean motorcycle and auto parts maker Daelim Motor Co. Ltd. to support the company's international expansion.

Standard Chartered Private Equity said in a statement that it will make the investment through a subscription of new shares of the company, but did not include the amount of its ownership stake and did not immediately respond to request for comment Thursday.

Daelim Group, which owns Daelim Motor, sought funding from Standard Chartered Private Equity to help the company...
To view the full article, register now.