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Politics : Formerly About Applied Materials

AMAT 252.25

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Nov 28 9:30 AM EST

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To: StanX Long who wrote (56233)	11/25/2001 9:34:31 PM
From: StanX Long	Read Replies (1) of 70976

Monday November 26, 7:27 AM Sales Negotiations for Hyundai Curitel Wrapped up sg.news.yahoo.com SEOUL, Nov 26 Asia Pulse - Hyundai Curitel Co., an affiliate of Hynix Semiconductor and the country's No. 3 CDMA handset maker, was finally sold to the KTB consortium after weeks of sales negotiations. The KTB Network, a leading venture capital firm, said Sunday it has signed a contract with Hynix Semiconductor the previous day to acquire Hyundai Curitel in a consortium with Pantech Co., a Korean mobile phone maker. The agreement was reached by Hynix Managing Director Choi Soo, KTB Nework Director Koo Bon-yong and Pantech Vice Chairman Park Byung-yop, the KTB said. Under the agreement, the KTB consortium will take over the entire equity of Hyundai Curitel Co. at 47.6 billion won (US$37.4 million) as well as the company's debts.

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