(Photo=HD Korea Shipbuilding & Marine Engineering)

 

[Alpha Biz= Reporter Paul Lee] On the 16th, HD Korea Shipbuilding & Offshore Engineering announced that it will divest a 3% stake in HD Hyundai Heavy Industries through a block deal (after-hours bulk trading).

HD Korea Shipbuilding & Offshore Engineering stated that it will dispose of 2,663,193 shares (2.99%) of HD Hyundai Heavy Industries' stock through after-hours trading on the 17th before the market opens. The transaction is valued at approximately 374.178 billion won based on the closing price.

HD Korea Shipbuilding & Offshore Engineering stated that it decided on the block deal to expand the liquidity of HD Hyundai Heavy Industries' shares and activate trading. After the divestment, its stake will decrease to 75.02%.

 

 

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