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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Kumho Industrial Co., Ltd.    A002990   KR7002990000

KUMHO INDUSTRIAL CO., LTD.

(A002990)
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Hyundai Development says consortium closes $2.2 billion acquisition of Asiana Airlines

12/26/2019 | 10:54pm EST
A view of the Asiana Airline's head office in Seoul

South Korean builder Hyundai Development Co said on Friday its consortium has closed on its 2.5 trillion won ($2.16 billion) acquisition of a controlling stake in the country's second-biggest carrier Asiana Airlines Inc.

Hyundai Development said out of the 2.5 trillion won its consortium with Mirae Asset will pay for the acquisition, its portion was 2.01 trillion won.

The airline's top shareholder, Kumho Industrial Co Ltd, put its 31.05% stake up for sale earlier this year as it came under pressure from Asiana creditors to reduce debt at the loss-making carrier.

(Reporting by Joyce Lee; Editing by Jacqueline Wong)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
AIR BUSAN CO., LTD. 0.00% 3685 End-of-day quote.12.52%
ASIANA AIRLINES, INC. 1.26% 16100 End-of-day quote.27.47%
ASIANA IDT, INC. 0.62% 24200 End-of-day quote.0.62%
HYUNDAI DEVELOPMENT COMPANY 8.90% 30600 End-of-day quote.17.24%
KUMHO INDUSTRIAL CO., LTD. 1.95% 9420 End-of-day quote.3.74%
MIRAE ASSET DAEWOO CO., LTD. 2.77% 10000 End-of-day quote.5.93%
All news about KUMHO INDUSTRIAL CO., LTD.
2020MARKET CHATTER : Kumho Industrial to Sell Entire Stake in Asiana Airlines Post M..
MT
2020Korean Air to spend $1.6 billion to become Asiana Airlines' top shareholder
RE
2020Korean Air to spend $1.6 billion to become Asiana Airlines' top shareholder
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2020Korean Air to spend $1.6 bln to become Asiana Airlines' top shareholder
RE
2020Asiana Airlines shares surge on potential deal with rival Korean Air's parent
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2020Asiana Airlines shares surge on potential deal with rival Korean Air's parent
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2020S.Korea's Hanjin Group reviews buying Asiana Airlines - report
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2020Creditors to inject $2 billion into Asiana Airlines after sale collapses
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2020Hyundai Development wants to renegotiate Asiana Airlines acquisition after de..
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2019KUMHO INDUSTRIAL : Vestas wins first V136-4.2 MW order in South Korea
AQ
More news
Financials
Sales 2020 1 790 B 1,63 B 1,63 B
Net income 2020 43,8 B 0,04 B 0,04 B
Net Debt 2020 12,8 B 0,01 B 0,01 B
P/E ratio 2020 7,82x
Yield 2020 5,31%
Capitalization 344 B 312 M 313 M
EV / Sales 2020 192x
EV / Sales 2021 178x
Nbr of Employees 1 290
Free-Float 48,9%
Chart KUMHO INDUSTRIAL CO., LTD.
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Kumho Industrial Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends KUMHO INDUSTRIAL CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 9 700,00 KRW
Last Close Price 9 420,00 KRW
Spread / Highest target 21,0%
Spread / Average Target 2,97%
Spread / Lowest Target -15,1%
EPS Revisions
Managers and Directors
NameTitle
Jae-Hwan Seo President, Chief Executive Officer & Director
Seo-Jin Jeong Independent Director
Hee-Cheol Kim Independent Director
Hong-Seok Park Director
Geun-Shik Lee Independent Director
Sector and Competitors