Doosan Corp. shareholders approved a plan to spin off the forklift business division and set up a wholly-owned subsidiary on July 1 to be named Doosan Industrial Vehicle Co.
Under the 750 billion-won deal signed in March, the whole stake in Doosan Industrial Vehicle will be transferred to Doosan Bobcat, an equipment affiliate of the country's top power equipment maker, Doosan Heavy Industries & Construction Co.
The spinoff was among the measures to improve cash-strapped Doosan Heavy Industries & Construction Co.'s financial health
Doosan holds a 54 percent stake in the country's s forklift market.
Morgan Stanley is handling the sale.


Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Instagram Outage Disrupts Thousands of U.S. Users
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 



