Doosan Heavy Industries & Construction Co., Ltd. (KOSE:A034020) said on June 29, 2020 that it has singled out a group led by Hana Financial Investment Co., Ltd. as the preferred bidder for a golf course up for sale. Power plant builder Doosan Heavy has been seeking to sell non-core assets tide over a liquidity crunch. The consortium, which put up a bid price of KRW 100.8 billion ($84.1 million) for the golf course, will scrutinize the books of the golf course for two weeks, the company said.

Doosan Heavy said it will complete the deal within July, 2020. Doosan Corp., the parent of the power plant maker, also will sell its business divisions including oil pressure machine maker Doosan Mottrol Holdings Co., Ltd. and its affiliates such as copper foil maker Doosan Solus Co., Ltd. (KOSE:A336370) and venture capital firm Neoplux Co Ltd.