Standard Chartered Puts $61M into Daelim

Standard Chartered Private Equity has put $61 million into South Korean motorcycle and auto parts maker Daelim Motor Co., Reuters reported. Formed in 1978, Daelim Motor makes Citi and Tact motorcycles, and supplies die-cast aluminium parts for engines and transmissions. It is part of chemical- and construction-focused Daelim Group.

(Reuters) – Standard Chartered Private Equity (SCPE) said on Thursday that it has invested $61 million in South Korean motorcycle and auto parts maker Daelim Motor Co Ltd .

SCPE, a wholly owned investment arm of Standard Chartered Plc , said it would invest in Daelim Motor through a subscription of new shares of the company, but did not give the size of the stake.

Established in 1978, Daelim Motor makes Citi and Tact motorcycles, and supplies die-cast aluminium parts for engines and transmissions. It is part of chemical- and construction-focussed Daelim Group.