Five potential bidders joined the race to buy a controlling stake in Dongbu HiTek Co., a tech unit of cash-strapped local conglomerate Dongbu Group, industry sources said Sunday.
The five prospective buyers are three private equity funds (PEFs), local funds Hahn & Company and Askveritas and U.S. fund Bain Capital, and two foreign chip makers, China's Semiconductor Manufacturing International Corp. (SMIC) and India's HSMC, they said.