| | Forbes.com: S.Korea groups to bid for bankrupt Hanbo Steel (Site not responding. Last check: 2007-10-10) |
 | | Hanbo Steel, which has production lines for hot- and cold-rolled coil, and high-end steel product for cars, has been desperate to find a buyer since the company collapsed under $4.4 billion of debt in 1997 and has been under court receivership. |
 | | Several previous attempts to sell Hanbo have failed, but a booming steel industry driven by voracious demand from China seems likely to drum up more interest in the auction this time around. |
 | | It was not immediately clear what a bidder might be prepared to pay, but a $377 million deal to sell the failed steel maker to a local financial firm, AK Capital LLC, fell through last year when the bidder failed to pay. |
| www.forbes.com /home_asia/newswire/2004/05/25/rtr1383173.html (647 words) |