Korea Airport Service Co., Ltd. completed the sale of 10.7% stake in Hanjin Shipping Holdings Co. Ltd..
August 06, 2014 at 12:00 am EDT
Korea Airport Service Co., Ltd. (KOSE:A005430) agreed to sell 10.7% stake in Hanjin Shipping Holdings Co. Ltd. (KOSE:A000700) for KRW 13.9 billion on August 5, 2014. Korea Airport Service Co., Ltd. will sell 1.39 million shares at KRW 9990 per share. Board of Directors of Korea Airport Service Co., Ltd. made a resolution in favor of the transaction on August 5, 2014. The transaction is expected to close on August 6, 2014.
Korea Airport Service Co., Ltd. (KOSE:A005430) completed the sale of 10.7% stake in Hanjin Shipping Holdings Co. Ltd. (KOSE:A000700) on August 6, 2014.