Daesung Holdings also secured 160 billion won by selling Seoul Gas shares before the crash
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
김지선
stockmk2020@alphabiz.co.kr | 2023-05-01 22:53:14
[Alpha Biz=(Chicago) Reporter Kim Jisun] Before the stock price of Seoul Gas (Seoul City Gas) plunged due to the sale bomb from SG Securities, Daesung Holdings, which runs a city gas supply business in Daegu and North Gyeongsang Province, also disposed of shares of Seoul City Gas on a large scale.
According to the Financial Supervisory Service's electronic disclosure system on the 1st, Daesung Holdings sold 470,000 shares of Seoul Gas four times from August last year to March this year to secure 160 billion won. As a result, the company's stake in Seoul City Gas fell 9.4 percentage points (p) from 22.6 percent (1.13 million shares) in June 2009 to 13.2 percent (660,000 shares) as of March 2023.
All four transactions were made after-hours. Daesung Holdings sold 150,000 shares of Seoul City Gas for 237,900 won per share on August 26 last year. On Nov. 2 last year, it sold 100,000 shares at 302,250 won per share and 100,000 shares at 402,838 won per share on Jan. 3 this year. On March 2 this year, 120,000 shares were sold at 449,064 won per share.
The stock price of Seoul City Gas, which rarely exceeded 100,000 won per share until 2020, has been on the rise since early 2021 and hit a record high of 504,000 won on the 7th of last month.
The market closed at 467,500 won on the 21st of last month, just before the sale bomb from SG Securities, but the stock price of Seoul City Gas fell to 112,700 won on the 27th of last month, rebounded slightly on the 28th of last month and is now around 120,000 won.
[ⓒ AlphaBIZ. 무단전재-재배포 금지]