Doosan Infracore Co., Ltd. (KOSE:A042670) invited final bidders November 24, 2020, a development that would help stave off a liquidity crisis at its parent Doosan Group, industry sources said. Potential bidders will compete to acquire the 36% stake in Doosan Infracore, they said. Doosan Infracore has been up for sale as part of its cash-strapped parent Doosan Heavy Industries & Construction Co.'s self-rescue plan.

The deal may fetch up to KRW 1 trillion ($900 million), according to them. A total of six potential investors were shortlisted in a preliminary bidding in September. A consortium of GS Engineering & Construction Corp.

and Dominus Investment Co., Ltd., as well as another one led by Hyundai Heavy Industries Holdings Co. and Korea Development Bank Investment, a unit of the state-run Korea Development Bank, joined in the preliminary bids on Sept. 28.

EUGENE Group and three local private equity funds -- Glenwood Private Equity, MBK Partners and Eastbridge Partners -- also were reportedly included on the shortlist of preliminary bidders.