Kia Motors to sell, lease back some assets -paper

Newswire

SEOUL, Nov 24 (Reuters) - Kia Motors Corp , South Korea's No. 2 carmaker, plans to sell some domestic and overseas production lines and lease them back in the first half of next year in a deal that could fetch up to 250 billion won ($268.7 million), a Korean newspaper said on Saturday. "To improve financial soundness, (the company) is seeking to sell part of Kia Motors' assets, including production lines, to a leasing company and secure cash," the Chosun Ilbo daily quoted an unnamed senior ...

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