Through its subsidiaryDen Norske Amerikalinje AS ,Treasure ASA has sold 1,04% of outstanding shares inHyundai Glovis Co. Ltd. ("Hyundai Glovis ") against net proceeds of approximately 62,5 mUSD. After the saleTreasure ASA owns 11% inHyundai Glovis .Thomas Wilhelmsen , Chair of the Board ofTreasure ASA , and Group CEO atWilh Wilhelmsen Holding ASA , confirms that the strategic relationship withHyundai Glovis remains unchanged, referring to a recent string of agreements and co-operation initiatives between the Wilhelmsen group andHyundai Glovis . The Board ofTreasure ASA acknowledges that the proceeds are available for new investments or distribution to shareholders. More information will follow in due course before the Annual General Meeting on16 March 2021 .
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